$MYEC Launches “e” Mobile Commerce

MyECheck’s innovative e Mobile Commerce System enables businesses to accept real-time, guaranteed payments from their customers via mobile devices. Merchants pay only $0.25 per transaction or less with no other fees, no interchange or discount rates, saving businesses 2% to 5% of sales in payment processing and related costs. The e Rewards program allows merchants to offer discounts to their customers to adopt and use the system, and build customer loyalty.

The e Mobile system allows consumers to purchase online, or at a retail store, over their mobile device and to leave their paper money, plastic cards and leather wallet at home. Customers will receive discounts from purchases when they adopt and use the system.

The e Mobile commerce platform is software only, and can be adopted by simply downloading the app and registering, with no special hardware requirements or costs. It works with all Apple and Android devices.

The e Mobile business app generates QR (quick response) code invoices that can be displayed on a screen or printed on a bill. The customer simply scans the QR code with their device and authorizes payment from their e Wallet. Customers load funds onto their e Wallet from their bank account using MyECheck’s patented Electronic Check method.

About MyECheck: 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 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.