EL DORADO HILLS, Calif., April 22, 2013 /PRNewswire/ -- MyECheck, Inc. (OTCPink: MYEC), a provider of transaction data processing services, announced an agreement with Karmen Consultants Group, a leading provider of Corporate Payroll Processing and Tax and Bill Payment Solutions. MyECheck will provide back-end check data processing services that will substantially enhance Karmen's Payment Processing and Payroll Card Platforms including enabling more users and faster clearing of funds.
Karmen Consultants Group, a Florida Corporation was established in 1984 as a financial consulting, and tax adviser to small and medium size companies. KCG has since grown to become a major provider of financial services. It has established entities in the areas of payroll processing, bill payment solutions, tax preparation and IRS representation, and marketing.
The agreement is expected to generate approximately $500,000 in annual revenue for MyECheck.
The MyECheck service provides the most viable alternative payment option at substantially lower rates than card processing fees. MyECheck works with every US checking account, even accounts that Automated Clearing House (ACH) e-check solutions cannot debit, enabling payments from a larger customer base, and providing faster clearing of payments with less risk.
