MyECheck, Inc. (OTC PINK: MYEC), announced today that they have entered into a Processing Services Agreement with PacNet Services, the leading provider of international payment services to the direct response industry.
Through this agreement, MyECheck will process electronic check payments for about 130 of PacNet’s business customers, and so far 21 businesses have been approved and have begun processing with MyECheck. The Company expects to process approximately three million transactions per year for PacNet once all 130 business are processing on the system.
MyECheck’s patented electronic check processing method is the fastest, safest and lowest cost payment method in America. MyECheck recently launched eMobile, a downloadable mobile commerce billing and payment system that enables businesses to accept real-time guaranteed mobile payments at POS or web for just $0.25 per transaction, no special hardware or equipment required.
About PacNet Services, Ltd.: For over 19 years, PacNet Services has served the international payment processing needs of large blue-chip, small and medium sized businesses. PacNet is recognized as a leading payment processing services provider amongst organizations that use direct mail, e-commerce, telephone, print ads, or DRTV to sell goods and services or to solicit charitable contributions from donors around the world. In addition to providing a complete range of payment processing services, PacNet publishes the World Payments Guide, a 725 page country-by-country guide to currencies, banking and consumer payment preferences around the world. The World Payments Guide is available in hard copy and online. Visit www.pacnetservices.com.
About MyECheck, Inc: Winner of the 2015 PYMNTS Award for Best Check Innovation. MyECheck is a leading electronic payment technology developer, licensor and payment services provider. MyECheck operates under license to US Patent 7,389,913, “Method and Apparatus for Online Check Processing” granted June 2008. This patented payment method is the fastest, most secure and most cost effective method of processing payments in the US. MyECheck provides comprehensive payment solutions 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. For more information visit www.myecheck.com and www.e-mobile-pay.com or contact firstname.lastname@example.org or email@example.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.