MyECheck Launches Version 3.0 Check 21 Electronic Payment System Check Data Processor No Longer Requires Bank Partnerships to Provide Real Time Patented Services
EL DORADO HILLS, CA--(Marketwired - Feb 19, 2014) - MyECheck, Inc. (OTC Pink: $MYEC), an electronic payment solutions provider and the leader in fully electronic check technology, is pleased to announce the launch of Version 3.0 of its patented electronic check data processing engine. The new platform with significantly enhanced security and functionality can quickly integrate with any bank in the US Federal Reserve banking system, eliminating the need for MyECheck customers to open a new account at a specific partner bank such as Bank of Kentucky. MyECheck is now successfully using the new platform to deposit real time electronic payments into customer accounts at Bank of America, Chase, and many other banks.
New proprietary security and anti-fraud systems within MyECheck Version 3.0 are being introduced into the industry and further reduce the likelihood of fraudulent transactions. The new systems further validate all data associated with a transaction in real time and enable new types of real time commerce and revenue streams for MyECheck customers and licensees such as real time mobile payments.
Other features of MyECheck 3.0 include plug-ins for mobile commerce apps, easier and faster customer integration, licensee modules and reporting, faster processing speeds and much higher processing capacity, with additional functionality to be easily added as plug-in modules. Future security technologies being developed now include 'Biometrically Authorized Device Signatures', and technology that correlates validated bank account ownership to a validated identity.
Market Data 
Markets 
AI
