FOLSOM, CA — (Marketwired) — 05/12/15 — MyECheck, Inc. (OTC PINK: MYEC), the leader in electronic check solutions for online and mobile payments, announced today that it has entered into a partnership with Avidia Bank who will provide banking services to MyECheck and its customers in support of MyECheck–s new mobile commerce platform. The bank partnership enables MyECheck to immediately launch its mobile payment application and web services in conjunction with Avidia Bank account services.
MyECheck–s innovative Mobile Commerce System provides an open platform for any registered user, business or person, to send and receive invoices and payments through email, mobile devices, internet, social media, ATMs or other method, at little or no cost.
MyECheck–s downloadable Merchant Point-of-Sale application for mobile payments allows any business to accept payments from any mobile device. Businesses simply download the app, register, and accept real-time payments from anyone with a mobile device who also registered the app. Merchants build loyalty and save card interchange fees.
The system operates as a wireless point of sale using standard computer hardware and connections. Transaction data is securely exchanged through Quick Response (QR) code. Industry leading technology ensures transactions are highly secure, and merchants pay only a small flat fee per transaction, with no interchange fees!
Avidia Bank has also entered into a Reseller Agreement with MyECheck and will sell MyECheck services.
A $1.3 Billion bank headquartered in Hudson, MA with eight full-service branch offices. The Bank serves the financial needs of businesses, families and individuals in Central Massachusetts and beyond, through its branch network and its extensive investment in technology. Customers from both inside and outside the region can bank with Avidia via computer or mobile device, taking advantage of the Bank–s state-of-the-art internet banking capabilities. In addition, the Bank and the support the efforts of literally hundreds of different service organizations to help improve the quality of life for people throughout its market area.
Winner of the 2015 PYMNTS Award for Best Check Innovation, MyECheck Inc. 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, contact
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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