Basically we are the back end gatekeepers. We dont control the money we just approve the transaction. Its an electronic check processed instantly and fraud free. We can become the backend entity for EVERYONE. We are faster and cheaper than anyone out there hands down. And Myec 3.0 makes us ridiculously efficient, able to ramp up at warp speed because its a plug and play situation. Install and watch the transactions roll in. If we sign up an Apple (very possible) we will explode. The volume of transactions will be mind boggling.
Just the MJ entity alone will have a ton of transactions. And we get a cut of each one of those too. It would be Apple signing up, not eachcustomer.....the customer might not even know we are involved in the process because its likely an Apple would charge higher than the 1% or $5.00 max to process. Same would go for a Paypal or replacing ACH.
This is why we keep saying were probably not even grasping how huge this is. The possibilities are endless. And transactions are flying in number.
May be the will help. This was part of a Q&As from the CEO.
7) There was a PayPal Survey sent out showing MyECheck as an alternative. Do you have any knowledge of this? If so, can you comment on it?
A) We have had no contact with PayPal regarding this survey and had no role in it other than being listed as a payment services provider.
Instead of offering MyECheck branded services to PayPal users, a better application for PayPal would be to use our technology as the default bank account funding method instead of ACH, it would work with more PayPal user bank accounts, the funds would clear at least a day faster than they currently do, and it would be more secure with less failed and returned transactions therefore lower cost and much more efficient. http://www.myecheck.com/investors/
With MYEC 3.0 we will now be able to use MYEC's patent. Before 3.0 the individual bank had to alter their structures to benefit, now it works with all bank accounts. We will be able to deposit checks in real time into our own bank accounts. I believe an app has been in development that will use your bank info to deposit checks by taking a picture on your smart phone just like Chase & BOA have been doing, just in 3-5 sec instead of 3-5 days.
News 
Market Data 
Discover 
AI
