Sunday, April 14, 2013,
Ashok Niroula
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Introduces our traders to......MYEC
MyECheck ( MYEC) operates under license to US Patent 7,389,913 Method and Apparatus for Online Check Processing issued June 2008.
We have created and cleared in excess of six million fully electronic check transactions for Fortune 100 corporations, state governments, and internet retailers.
MyECheck( MYEC) offers comprehensive and easily implemented solutions that enable real-time payments by authorized fully electronic check. MyECheck's electronic check service creates and clears checks using only customer account data without the hassle and delays of paper checks. MyECheck's system enables more payers - any authorized signor on any US checking account, for any amount. MyECheck's transactions can even be payment guaranteed.
Electronic Check Service
Businesses and other organizations wishing to accept payments online, over a mobile device or over a telephone ("Merchants") can directly integrate with MyECheck's payment engine. Payer check data is collected by the Merchant either at customer registration, or on their website, through a mobile device, or over the telephone, and is transmitted in real-time, or in batch to MyECheck for processing.
MyECheck uses patented technology to generate electronic checks in accordance with the Federal Reserve Check 21 specification, and transmits the items to clear through the electronic check clearing system to the Merchant's account at one of our partner banks. US patent number 7,389,913 "Method and Apparatus for Online Check Processing" was issued to MyECheck's founder on June 24, 2008. MyECheck is the sole licensee of the patented technology and the only authorized provider of the Electronic Check Service.
Check Authorization Service
MyECheck offers Check Authorization Service that enables merchants to verify consumer provided data, check the status of their customer's bank account, provide evidence that the consumer has authorized the check and predict the likelihood of a check being returned unpaid.
Transactions are immediately and automatically evaluated and approved or declined based upon the real time results of multiple fraud control tools. Businesses that accept MyECheck payments can use this service to provide an automated real time check authorization to mitigate returned items.
Check Guarantee Service
MyECheck has partnered with industry leading check guarantee providers to offer clients a cost effective Check Guarantee Service. The check guarantee provider warranties all approved checks and reimburses the Payee (Merchant) for financial losses incurred as a result of returned checks. The Check Guarantee Provider buys the returned checks that have been warranted from merchants for the full face value of the returned checks. MyECheck merchants utilize Check Guarantee Service so that they can ship products or provide services immediately without having to wait to determine if the check will be returned unpaid. The Check Guarantee Service also eliminates the need for Merchants to collect on returned checks from their customers.
NycMarketingInc has been compensated by a third party, five thousand dollars, for this email advertisement
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