Folsom, CA / ACCESSWIRE / July 16, 2014 / MyECheck, Inc. (OTC PINK: MYEC), an electronic payment solutions provider and the leader in fully electronic check technology today announced that has entered into a new agreement with Simplifile, LC, a current MyECheck customer, to dramatically increase the transaction volume that MyECheck processes for Simplifile.
MyECheck's fully electronic check service allows Simplifile to collect payments from customer accounts that cannot be debited by ACH, such as certain escrow accounts and government account. As a result of using MyECheck's technology side by side with ACH, Simplifile has decided to convert their business to MyECheck's fully electronic check service, replacing ACH.
Under the new agreement, Simplifile's fee structure has been brought in-line with current MyECheck pricing, which will help Simplifile support a large scale transition to MyECheck's services.
Ed Starrs, MyECheck CEO commented, "We're proud to have gained the trust of a long term customer, that we can help them grow, and that they recognize the benefits and value of MyECheck services over ACH."
About Simplifile: Simplifile is e-recording made simple. Since 2002, Simplifile has spearheaded the development of the e-recording industry, growing the largest e-recording network in the nation…with the happiest customers.
Simplifile's team, products, and e-recording services are second to none. A straightforward, secure delivery liaison between counties and document submitters, Simplifileprovides an easy-to-use online service that speeds up the recording process, saves time and money, and makes people smile along the way.
MyECheck Inc. is a leading electronic payment technology developer and payment services provider. MyECheck operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. The new patented payment method is the fastest, most secure and most cost effective method of processing payments in the US, and it works with the most people, businesses and entities. MyECheck provides comprehensive payment systems for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. MyECheck customers include corporations, retailers, governments, payment processors and financial institutions.
Please visit: http://www.myecheck.com/
Forward-looking statements in this release are made pursuant to "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the SEC.
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SOURCE: MyECheck, Inc.