MyECheck, Inc. (fka MYEC)

[Whale Gunna]

Competitive advantages


• Access to More US Consumers than any other single payment method because MyECheck is based upon the paper check and works with 100% of US checking accounts, even with accounts where ACH based “e-check” solutions do not work such Credit Unions, S&Ls and many small banks.

• Faster Settlement than credit cards or ACH - we clear funds from the consumer’s bank account to the merchant’s bank account in anywhere from near real-time (minutes) to the next banking morning at the latest.

• Higher Transaction Approval Rates than typical credit card or ACH transaction approval rates.

• Payment is guaranteed on all transactions regardless of the final disposition of the item if the merchant elects the optional guarantee program.

• Available Fraud Screen - we validate both in-wallet and out-of-wallet identity attributes in real-time to the federal government “medium” assurance level – which is unsurpassed in the industry.

• Available Financial Data Verifications -we verify the bank routing number, validate funds availability in real-time, and search the two major Negative Check Writer’s databases.

• Not Governed by NACHA – transactions are not subject to NACHA regulations such as 60 day right of rescission.