The Federal Reserve System’s New Payment Instrument, The Electronic Check

On February 4, 2014, the Board of Governors of the Federal Reserve System took the final step before creating a new law that will define a new payment official instrument called the “electronic check”. Here’s what they intend to do, and some excerpts from my patent below. Federal Reserve Proposed New Rule, February 4, 2014 [...]

2017-01-04T15:17:55-07:00March 9th, 2014|

MyECheck’s Mobile Product Strategy

MyECheck’s strong competitive advantage as an electronic payment platform is its exclusive ability to enable transfers from any checking account. And the transactions are faster, safer and lower cost than ACH and card transactions. The benefits are substantial making the MyECheck platform clearly superior in many ways for mobile payments. MyECheck provides three types of [...]

2017-01-04T15:17:55-07:00March 7th, 2014|