Replies to post #18910 on MyECheck Inc (fka MYEC)

[Whale Gunna]

Electronic Check Service

Businesses and other organizations wishing to accept payments online, over a mobile device or over a telephone (“Merchants”) can directly integrate with MyECheck’s payment engine. Payer check data is collected by the Merchant either at customer registration, or on their website, through a mobile device, or over the telephone, and is transmitted in real-time, or in batch to MyECheck for processing.

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Check Authorization Service

MyECheck offers Check Authorization Service that enables merchants to verify consumer provided data, check the status of their customer’s bank account, provide evidence that the consumer has authorized the check and predict the likelihood of a check being returned unpaid.

[Whale Gunna]

Check Guarantee Service

MyECheck has partnered with industry leading check guarantee providers to offer clients a cost effective Check Guarantee Service. The check guarantee provider warranties all approved checks and reimburses the Payee (Merchant) for financial losses incurred as a result of returned checks. The Check Guarantee Provider buys the returned checks that have been warranted from merchants for the full face value of the returned checks. MyECheck merchants utilize Check Guarantee Service so that they can ship products or provide services immediately without having to wait to determine if the check will be returned unpaid. The Check Guarantee Service also eliminates the need for Merchants to collect on returned checks from their customers.


https://www.otcdynamics.com/myec-newsletter-608-am-april-17-2013-id-22808-8160/#.UdpSxfkWI1M

[Whale Gunna]

MyECheck’s transactions can even be payment guaranteed.