News Column

MyECheck Enters into Agreements with Giact

August 20, 2014

MyECheck, Inc.

FOLSOM, CA, United States, via ETELIGIS INC., 08/20/2014 - - MyEcheck, Inc. (OTC Pink: MYEC)(PINKSHEETS: MYEC), the leader in electronic checks for mobile payments, today announced an enhancement to its Basic Electronic Check + Scrubs service. They have signed an agreement with Giact Systems of Texas, who provides advanced fraud control systems and electronic check risk management solutions.

Under the agreements signed by the two companies, MyEcheck will add Giacts industry-leading fraud prevention system to MyEchecks suite of fraud prevention tools. This enhanced level of service will add to MyEchecks secure payment platform. Giacts tools will support MyEchecks Basic Electronic Check + Scrubs service. This service, like the Basic Electronic Check Service, generates a check image and pushes it to the merchants bank for payment.

The + Scrubs service allows merchantsbefore their transaction is approvedto check the status of their customers bank account. Giact will help MyEcheck customers to verify that the transaction is authorized and predict the probability of most problems. Giacts services can complete these checks in less than 5 seconds.

Additionally, Giact will integrate MyEchecks electronic check service. This part of the agreement allows Giact to process payments they receive electronically, bypassing the ACH system, saving them time and money. Giact will avoid the costs associated with debit and credit card payments and with slow mail that delay payments.

About Giact: Giact Systems is a privately held company founded in 2004 by a team of experienced business and technology leaders. Giact has become a leader in providing essential information, which helps customers across all industries assess and manage risk. Giacts secure, easy-to-use services provide companies the ability to accept payments with confidence. For more information, visit

About MyEcheck: ?MyEcheck Inc. is a leading electronic payment technology developer and payment services provider. MyEcheck operates under license to US Patent 7,389,913, Method and Apparatus for Online Check Processing granted June 2008. The new patented 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 industrys most advanced security and fraud control technologies. MyEcheck customers include corporations, retailers, governments, payment processors and financial institutions.

For more information contact:

Nate Wigle

VP, Business Development


Bill Delgado

Investor Relations

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.


MyEcheck, Inc.

2600E. Bidwell Street #140

Folsom, CA 95630


SOURCE: MyEcheck, Inc.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel


Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters