FOLSOM, CA - (NewMediaWire) - January 21, 2016 - MyECheck, Inc. (OTCQB: MYEC), an electronic check, cloud banking and mobile payments technology developer and licensor, announced today that it has entered into an agreement with General Payment Systems, Inc. (OTC PINK: GPSI), a payment processing technology company that specializes in the $500 billion government payment space.
GPSI provides high volume payment automation solutions to courts, municipalities and other government agencies.
Under the terms of the agreement, GPSI will integrate MyECheck's patented Electronic Check Service for faster, safer and lower cost payments directly from any US bank account to government agencies.
MyECheck provides fully electronic, real-time billing and payment software and solutions that enable higher speed, more secure and lower cost financial transactions for people and business.
MyECheck also provides customized electronic banking and payment platforms for banks. MyECheck solutions enable real time funds transfers on mobile devices via email, text, Facebook and other social medial apps, MS Outlook app, ATMs, and mobile apps.
In addition to the US market, MyECheck is currently pursuing opportunities in Africa and other emerging international markets. MyECheck is uniquely positioned with a cloud based banking and payment platform along with development, sales and implementation resources in place to capture market share in Africa, as new technology brings access to basic financial services to hundreds of millions of people.
MyECheck recently launched eMobile Pay in the US, a revolutionary new mobile commerce platform. eMobile allows businesses to send bills electronically and accept real-time guaranteed payments for a very low flat fee per transaction with no hardware or other costs. For more information visit www.e-mobile-pay.com.
About GPSI: General Payment Systems Inc. (dba EZ Card and Kiosk) is a technology company that provides government agencies with proprietary hardware (Kiosks) and cloud based software systems that automate the process of collecting payments from the general public (Cash, Debit and Credit). These systems deliver payment acceptance, real-time accounting and payment risk-mitigation services. The company distributes these technologies through direct sales, channel partners, and various licensed entities.
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 new payment method is the fastest, safest and lowest cost method of processing payments and moving money 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 firstname.lastname@example.org
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.