MyECheck, Inc. (OTC Pink: MYEC) (PINKSHEETS: MYEC), an electronic payment solutions provider and the leader in fully electronic check technology today announced that iCard1, an innovative global electronic banking platform and payment services provider, has signed an agreement for MyECheck services. MyECheck will facilitate the funding of electronic bank, e-wallet and debit card accounts on the global iCard1 electronic banking and payment network.
iCard1 is a global leader in the development and deployment of private closed loop electronic banking and payment networks for governments, banks and corporations worldwide. Closed loop networks exist independent of the major brand commercial credit networks such as Visa, MasterCard, American Express and debit networks Star, Cirrus and Maestro. Private electronic banking and payment networks are not subject to the fees and rules of the established commercial networks and are rapidly expanding globally.
MyECheck will provide comprehensive account funding and other payment and related services to the private electronic banking and payment networks using the iCard1 platform. These private payment networks include closed loop corporate, government and financial services card networks.
Ed Starrs, CEO of MyECheck, commented, "This agreement with iCard1 to provide our exclusive capabilities demonstrates our commitment to partner with leading technology providers of high strategic value. We are very optimistic about the revenue prospects for this agreement and the additional opportunities created through this partnership."
About iCard1 iCARD1 is a full service business-to-business cash-card service bureau; composed of visionary, innovative and highly-experienced professional business managers and technology experts with a proven track record encompassing over twenty five years in the prepaid/debit/cash card/e-wallet and communications field both domestically in Canada, USA, Asia, Latin America, Europe and Africa.
Please visit www.icard1.com
About MyECheck MyECheck Inc. is a leading electronic payment technology developer providing a new electronic payment method that is replacing cash, paper checks, credit & debit cards, and ACH "e-check" payments. MyECheck operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. The patented new fully electronic real-time payment method is the fastest, most secure and most cost effective method of processing payments in the US, and it works with the most people, businesses and entities. MyECheck provides comprehensive payment systems 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.
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.
Contact: Peter Farinas Director of Sales iCard1 Financial Group pfarina@iCard1.com Contact: Ed Starrs Investor Relations: ir@myecheck.com Sales: info@myecheck.com
