Scottsdale, Arizona 7/16/2008 2:15:43 AM
News / Finance

QualityStocks.net News – MyECheck Inc. (MYEC.OB) Online Check Services Implemented in Ohio School District

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We would like to highlight MyEcheck, Inc. (OTCBB: MYEC). The company is a leading provider of comprehensive viable alternative payment solutions to credit cards for brick & mortar, internet, intranet and mobile commerce. MyECheck utilizes a proprietary method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck's patent pending RCC solution provides merchants with financial access to more consumers than any other single payment method.

 

In the company’s news today,

 

MyECheck Inc. announced that its software has gone live at Mentor Public Schools, an Ohio School District. MyECheck is a financial electronic transaction processor and provider of alternative payment solutions for Internet and mobile commerce. The company’s patented Check 21 technology, used as an apparatus for online check processing, has been adopted by the school district for its reliability and ease of use.

 

The announcement of the school district signing an agreement with MyECheck was in the news last week, and already, within five days, the company has implemented its software and is now operating live. This was made possible because of the streamlined integration process that MyECheck has now built for its clients utilizing easy application programming interfaces (API’s). In addition to the ease of integration, clients benefit from expedited check clearing and availability, reduced risk, and improved cash flow in all transactions.

 

The CEO of MyECheck, Ed Starrs stated, “Our APIs have evolved with the changing needs of our clients to the point where we can have a customer ‘live’ within a week of bank interface approval. We will continue to streamline this process and work with both our internal team and outside VARs to ensure that we provide a cutting-edge technology in this growing industry.”

 

Mentor Public Schools is a School District in Mentor, Lake County, Ohio with 14 schools, including elementary, middle and high schools. The new services provided by MyECheck will allow parents to debit their checking accounts for payments such as loading their children’s lunch cards, allocating donations to the school, or paying for field trips and book fairs. MyECheck now gives parents the freedom of an alternate payment choice from the standard cash option which is the only method accepted by most public schools.

 

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