Tags Posts tagged with "myec"

myec

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3-Dec-2015

Other Events

Item 8.01. Other Events.
On December 2, 2015, MyECheck, Inc. (the “Company”) settled its breach of contract and patent infringement lawsuit against Zipmark, Inc. in the United States District Court, Eastern District of California – Sacramento Division (MyECheck, Inc. v. Zipmark, Inc.). Under the terms of the settlement, the parties mutually dismissed with prejudice all claims in the lawsuit and the Company agreed to license its patented check processing technology (US Patent 7,389,913) to Zipmark for three (3) years.

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MyECheck Partners With PacNet Services, Begins Processing for 21 Businesses

FOLSOM, CA–(Marketwired – Sep 9, 2015) – 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 info@myecheck.com or info@e-mobile-pay.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.
Contact:

MyECheck, Inc.
sales@myecheck.com
ir@myecheck.com

1 1701

MyECheck Reports Intent to Acquire Seergate

FOLSOM, Calif., Jan. 30, 2015 /PRNewswire/ — MyECheck, Inc. (OTC PK: MYEC), the leader in electronic check solutions for internet and mobile payments, announce today that it has signed an agreement to acquire 100% of the stock of Seergate, developer of a comprehensive electronic payment software platform for banks, in exchange for a minimum $3 M in shares of MyECheck common stock.  The Seergate system will be integrated with the MyECheck payment systems adding multiple new capabilities to MyECheck’s payment platform.

Seergate Ltd., founded in 2007, is an Israeli corporation with offices in Atlanta, GA. The company raised several million dollars from investors to develop and commercialize a revolutionary new omni-channel payment platform targeting small business, electronic commerce and personal money movement.  The Seergate payments platform is a robust and proven solution that ran in production with 4 banks in the US in collaboration with a banking core processor.

Some of the capabilities the Seergate platform will add to MyECheck include:

  • Virtual bank accounts with sub-account creation and management
  • Mobile payments, transfers and POS commerce systems
  • Automated billing, invoicing and payments for business
  • Refunds, pay outs and bank account push transactions
  • Social Network payments
  • Multiple layers of authentication and fraud controls

The acquisition of the Seergate platform enables MyECheck to operate a closed loop payment system independent of third party software platforms.

MyECheck enables highly secure transactions of any size, from $0.01 to over $10,000,000, they process in real time, clear the same day, and cost $0.25 or less.

The acquisition is expected to close in approximately 6 weeks, subject to due diligence, and after the completion of technical bank integration, MyECheck will launch its mobile app payment system that will include the Seergate technology.

  • About MyECheck: 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 sales@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.

Contact: Bill Delgado, ir@myecheck.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/myecheck-reports-intent-to-acquire-seergate-300028432.html

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MyECheck Signs truCrowd to Electronic Check Service

FOLSOM, Calif., Jan. 12, 2015 /PRNewswire/ –MyECheck, Inc. (OTC PK: MYEC), the leader in electronic check solutions for internet and mobile payments, announced today that it has signed an agreement with truCrowd, a leading equity crowdfunding portal.  Through the agreement, truCrowd will integrate the MyECheck electronic check service into the truCrowd.com portal to accept low cost, secure electronic check payments in real time.

truCrowd is the first funding portal for non-accredited investors and the preferred equity crowdfunding source for startups, entrepreneurs and emerging businesses. Through industry-leading technology, truCrowd offers a highly secure funding platform, and a highly socially connected funding portal for investors.

MyECheck’s services enable transactions of any size, from $0.01 to over $10,000,000, are highly secure, process in real time, clear the same day, and cost $0.25 or less.

About truCrowd: Located in the heart of the financial district of downtown Chicago, truCrowd’s collective talent in finance, marketing, content and design form a powerful team committed to achieving and maintaining the #1 equity crowdfunding portal in America.

About MyECheck: 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, contactsales@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.

CONTACT: Bill Delgado, Investor Relations, ir@myecheck.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/myecheck-signs-trucrowd-to-electronic-check-service-300019065.html

1 1891

MyECheck Files Lawsuit Against Four Companies, Seeks Recovery of 1.44 Billion Shares

MyECheck, Inc. (OTC PK: MYEC), the leader in electronic check solutions for Internet and mobile payments, announced today that it has filed a lawsuit in United States District Court against Sweetsun Intertrade, Inc., Seven Miles Securities, Titan International Securities, Inc. and Scottsdale Capital Advisors Corporation for the fraudulent issuance of 1.44 billion shares of MYEC stock. MyECheck is seeking recovery of shares, costs and attorney’s fees.

The lawsuit alleges that Sweetsun Intertrade, Inc., Seven Miles Securities, Titan International Securities, Inc. and Scottsdale Capital Advisors Corporation made intentional false representations to cause the issuance of shares of MYEC. MyECheck contends that the shares are void and should be cancelled.

Beginning in November 2012 and continuing through 2013, a series of false stock issuance documents were used to fraudulently issue a total of 1.44 billion shares of MYEC stock representing approximately 35 percent of the total issued and outstanding stock and 51 percent of the public float. MyECheck became aware of 300 million fraudulently issued shares being held at Scottsdale Capital Advisors. MyECheck notified Scottsdale that the stock was fraudulent, however Scottsdale sold the fraudulent shares after being notified by the issuer that the stock was fraudulently issued and void.

MyECheck is seeking a judgment declaring 1.44 billion shares of MYEC stock was issued fraudulently and should be recovered and cancelled, also damages for fraud, including punitive damages against Sweetsun and Scottsdale, and injunctive relief restraining Sweetsun Intertrade, Inc., Seven Miles Securities, Titan International Securities and Scottsdale Capital Advisors Corporation from transferring the 530,005,000 shares in MyECheck currently held in the names of Titan and Seven Mile.

About MyECheck

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 U.S. 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 sales@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.

Contact:
For MyECheck, Inc.
Payments/Banking Media
Rebecca Mayo, 678-781-7221
rebecca@williammills.com
or
MyECheck Investor Relations
Bill Delgado, (844)-MyEcheck
bill.delgado@myecheck.com

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MyECheck Expands to New Corporate Head Office Facility

FOLSOM, Calif.–(BUSINESS WIRE)–

MyECheck, Inc. (OTC PK: MYEC), the leader in electronic check solutions for internet and mobile payments, announced today that it has leased and occupied a new corporate head office, located in Folsom, CA. GreenPay will occupy the space MyECheck is vacating, providing physical separation of the operations of both companies.

The new offices consist of approximate 3,500 square feet, making a total of about 7,000 square feet of class A office space under lease by MyECheck, suite 140 and now suite 190 at 2600 E. Bidwell St. The new facility is better equipped for MyECheck’s corporate operations and has a formal reception, a large high tech conference room, a smaller meeting room, full kitchen and break area, seven executive offices, three cubicles and two work stations and is situated in the front of the building on the ground floor, the premium office space in the building. GreenPay offices are next door to MyECheck.

MyECheck has entered into a 3.5 year lease at approximately $1.85 per square foot per month. The new facility is necessary to accommodate new executives and senior level sales people in support of the company’s aggressive growth.

GreenPay offices are now situated next door to MyECheck on the same floor in the same building.

About MyECheck: 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, contactsales@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.

Contact:
Payments/Banking Media
Rebecca Mayo, 678-781-7221
rebecca@williammills.com
or
MyECheck Investor Relations
Bill Delgado
bill.delgado@myecheck.com

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MyECheck Appoints Jim Fancher as Executive Vice President

FOLSOM, Calif.–(BUSINESS WIRE)–MyECheck, Inc. (OTC PK: MYEC), the leader in electronic check solutions for internet and mobile payments, has named Jim Fancher as executive vice president. Fancher’s responsibilities will include implementing executive strategies and overseeing the company’s growth plan, including the expansion of top and bottom line revenues.

A proven financial industry veteran specializing in electronic check technology and related software development, Fancher holds a Bachelor of Science degree in computer engineering technology and has more than 15 years of highly relevant management and operational experience, having served in multiple senior level executive positions in the electronic check industry.

An industry leading expert in electronic check technology, Fancher’s experience includes serving as General Manager for Endpoint Exchange, an FIS company, where he had full P&L responsibility for the company’s real time, check image exchange that served more than six thousand financial institutions with an access of one hundred million electronic check image transactions per month. While at Endpoint Exchange, Fancher led the team that designed the first check image mining application, cultivated a partnership with IBM and the six largest US banks, and set the industry standards for check imaging resulting in viral adoption of mobile check deposit.

Prior to his time at Endpoint Exchange, Fancher has held senior sales or management positions at VectorSGI, Metavante, CheckFree/FiServ and other financial services software companies. Most recently, Fancher has been an operations and solutions consultant for SeerGate Ltd., where he created strategic partnership framework for the company.

“Jim’s unique expertise coupled with his strategic vision for MyECheck are invaluable assets to MyECheck, and we are excited for the future growth of the company under his leadership,” Ed Starrs, President and CEO.

About MyECheck: 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, contactsales@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.

Contact:
Payments/Banking Media
Rebecca Mayo, 678-781-7221
rebecca@williammills.com
or
MyECheck Investor Relations
Bill Delgado
bill.delgado@myecheck.com

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MyECheck Signs DollarDays to Its Patented Electronic Check Services

FOLSOM, Calif.–(BUSINESS WIRE)–

MyECheck, Inc. (OTC PK: MYEC), the leader in electronic check solutions for Internet and mobile payments, announced that it will provide its patented electronic check services to DollarDays International, Inc. (DollarDays), a web-based virtual warehouse that enables small business owners and charities to find great deals on orders for more than 300,000 products, from toys and household decor to apparel, electronics and seasonal merchandise.

MyECheck offers a variety of electronic check services for almost any application including personal, business and government payments. With this agreement, DollarDays customers will have access to the fastest, safest and lowest cost payment method in America, providing secure, low cost, same day payments from any checking account.

“DollarDays is all about providing superior value and ease-of-use to its customers, which range from individual consumers to small businesses to non-profit organizations, and that aligns perfectly with our mission to improve the security, speed and cost associated with mobile and online payments,” said Ed Starrs, CEO of MyECheck. “We are excited to be working with DollarDays and look forward to serving the needs of its customers.”

About DollarDays International, Inc.

DollarDays International is a Web-based virtual warehouse, where small business owners and charities can find great deals on small business-sized orders for more than 275,000 consumer products, from toys and household décor to apparel, electronics and seasonal merchandise. Due to its innovative business model, DollarDays prices are not only often far below those which most small business are accustomed to, but the offerings include many name-brand products as well as rock-bottom pricing on overstocked and closeout items. DollarDays International helps its customers to select those items, both seasonal and everyday, which sell quickly to promote both a higher inventory turn and better margins. In 2006, DollarDays made its debut at number 158 on Inc. Magazine 500 list of fastest growing private companies and recently was named one-of-50 second-stage Arizona “Companies to Watch” by the Arizona Small Business Association. DollarDays’ prices are among the lowest available to small businesses. Membership is free and any small business is eligible to shop at www.dollardays.com.

About MyECheck

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 U.S. 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 sales@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.

Contact:
MyECheck Inc.
Payments/Banking Media:
Rebecca Mayo, 678-781-7221
rebecca@williammills.com
or
Investor Relations:
Bill Delgado, 844-MyEcheck
bill.delgado@myecheck.com

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MyECheck Names Bob Sacco as National Account Manager

FOLSOM, Calif.–(BUSINESS WIRE)–

MyECheck, Inc. (OTC PK: MYEC), the leader in electronic check solutions for internet and mobile payments, has named Bob Sacco as the company’s national account manager. Sacco’s responsibilities will include overseeing the company’s nationwide customer portfolio, as well as implementing an executive operational strategy.

Sacco has more than 18 years of experience, having worked closely with Fortune 500 clients throughout his professional career. Prior to joining MyECheck, Sacco served in various leadership roles, including serving as principal founder of Bob Sacco Communications, where he consulted small to mid-sized startups, such as SAAS ecommerce analytics Actucast.com and social media marketing Dlvr.it.

Additionally, Sacco served as the co-founder and vice president of sales for Travel Ad Network, recognized as the largest online travel information audience on the Internet, outpacing Expedia’s TripAdvisor. At Travel Ad Network, Sacco led the company to be acknowledged as a “must travel media buy” among Fortune 500 clients and advertising agencies worldwide. Under Sacco’s sales leadership Travel Ad Network was awarded INC Magazine’s 500 “Fastest Growing Companies in America” for 2009. Prior to Travel Ad Network, Sacco was Director of Sales at the San Francisco Chronicle’s SFGate.com and Sales Director at CyberGold.com, one of the Internet’s first real-time micro-transaction startups.

“We are pleased to add an executive of Bob’s caliber to the MyECheck team and his leadership and consulting experience will be an important asset to our company,” said Ed Starrs, chief executive officer of MyECheck. “We anticipate our account team to thrive under Bob’s leadership and are excited to expand our development efforts as we move into 2015.”

About MyECheck: 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, contactsales@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.

Contact:
Payments/Banking Media
Rebecca Mayo, 678-781-7221
rebecca@williammills.com
or
MyECheck Investor Relations
Bill Delgado, (844)-MyEcheck
bill.delgado@myecheck.com

1 1465

Three New Customers Select MyECheck for Electronic Check Services

FOLSOM, Calif.–MyECheck, Inc. (OTC PK: MYEC), the leader in electronic check solutions for Internet and mobile payments, announced the addition of Amagi Inc., NuYu Day Spa and Sushi Groove, as new customers of its patented electronic check solution.

As a new payment method, electronic checks are the fastest, safest and lowest cost payment method in America, providing secure, low cost, same day payments from any checking account. MyECheck offers a variety of electronic check services for almost any application including personal, business and government payments.

About Amagi Inc.

Amagi Inc. is a global eCommerce precious metals dealer. The company sells physical metals, such as gold and silver, intended for delivery directly to the customer. Amagi Inc. is headquartered in Denver, and is registered as a Corporation in the state of Colorado, as well as federally in the United States of America under the name of Amagi, Inc.

About NuYu Day Spa

NuYu Day Spa offers non-invasive alternative aging skin and body treatments. NuYu provides free consultations giving options for proper skin treatment at home and for in studio care. The company provides education on all new and current treatments that are available in an effort to help customers make informed decisions. Additionally NuYu Day Spa offers advanced LED teeth whitening, professional make-up services for photography, weddings and special events, and cleansers.

About Sushi Groove

Sushi Groove is an Asian-fusion restaurant located in Salt Lake City providing fresh daily cuts and lively events to its customer base.

About MyECheck

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 U.S. 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 sales@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.

Contact:
Payments/Banking Media
For MyECheck, Inc.
Rebecca Mayo, 678-781-7221
rebecca@williammills.com
or
MyECheck Investor Relations
Bill Delgado, (844)-MyEcheck
bill.delgado@myecheck.com

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