NEWS....
Aug 22, 2014 (eTeligis.com via COMTEX) -- FOLSOM, CA, United States, via ETELIGIS INC., 08/22/2014 - - MyECheck, Inc. (OTC Pink: MYEC) (PINKSHEETS: MYEC), the leader in electronic checks for online and mobile payments, today announced that it has completed the acquisition of its licensee, GreenPay LLC. GreenPay LLC is now a wholly owned subsidiary of MyECheck, Inc.
MyECheck announced on February 26, 2014 that GreenPay had entered into a licensing agreement with MyECheck for a secure mobile payment solution for the legal marijuana industry. On June 13 MyECheck reported its intent to acquire GreenPay, owner of the mj-pay mobile payment app.
The mj-pay system enables secure real time electronic funds transfers at marijuana retail locations, and provides regulatory compliance with FinCEN guidelines for banks.
GreenPay assets are owned by MyECheck, however GreenPay will be operated as a separate entity with an independent board of directors and management. Future licenses sold for the marijuana industry will be sold and licensed by GreenPay, and existing licensees are being transferred to GreenPay.
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Aug 22, 2014 (eTeligis.com via COMTEX) -- FOLSOM, CA, United States, via ETELIGIS INC., 08/22/2014 - - MyECheck, Inc. (OTC Pink: MYEC) (PINKSHEETS: MYEC), the leader in electronic checks for online and mobile payments, today announced that it has completed the acquisition of its licensee, GreenPay LLC. GreenPay LLC is now a wholly owned subsidiary of MyECheck, Inc.
MyECheck announced on February 26, 2014 that GreenPay had entered into a licensing agreement with MyECheck for a secure mobile payment solution for the legal marijuana industry. On June 13 MyECheck reported its intent to acquire GreenPay, owner of the mj-pay mobile payment app.
The mj-pay system enables secure real time electronic funds transfers at marijuana retail locations, and provides regulatory compliance with FinCEN guidelines for banks.
GreenPay assets are owned by MyECheck, however GreenPay will be operated as a separate entity with an independent board of directors and management. Future licenses sold for the marijuana industry will be sold and licensed by GreenPay, and existing licensees are being transferred to GreenPay.
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