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MyECheck Inc.: MyECheck Announces Two New Signed eCommerce Merchants

^{Published on 2009-06-18 12:27:17, Last Modified on 2009-06-18 12:27:53 - Market Wire}
 

EL DORADO HILLS, CA--(Marketwire - June 18, 2009) - MyECheck Inc. (OTCBB: [ MYEC ]), an electronic transaction processor and provider of alternative payment solutions, is pleased to announce that it has signed Wealthworld LLC and Alternative Info Solutions, Inc. to its software suite.

MyECheck utilizes a proprietary, patented method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. Since inception in 2004, MyECheck has continued to enhance its offerings and launch new services including Remote Check Capture (RCC) and POS solutions.

eChecks processed on the MyECheck system are typically accepted in 1 to 3 seconds and clear the same day or overnight compared to typical Automatic Clearing House system (ACH) time frames of 3 to 5 days. And MyECheck provides the most viable alternative to credit cards enabling conversion of declined transactions or customers without credit cards.

Ed Starrs, CEO of MyECheck, commented, "Check 21 law provides for unprecedented opportunities for the MyECheck payment platform. In addition to the web application, the MyECheck system is ideal for phone order or virtual terminal applications affording these organizations numerous benefits over ACH."

Alternative Info Solutions is a provider of home study marketing courses and Wealthworld is a financial training company that teaches its customers how to get out of debt, repair their credit and start to build real wealth through products, services and seminars. Please visit [ www.wealthworld.com ]

About MyECheck

MyECheck Inc. is a leading electronic transaction processor and provider of alternative payment solutions for brick & mortar, internet, and mobile commerce. MyECheck utilizes a patented method of creating and clearing remotely created checks for exceedingly fast, secure and cost effective payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck provides merchants with financial access to more customers than any other payment method.

Please visit [ 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.