MyECheck (OTC BB:MYEC.OB), a leading provider of comprehensive viable alternative payment solutions, announced that it has signed Tele Tek Solutions as a client and will be providing the software developer with its comprehensive suite of electronic check processing services.
Tele Tek Solutions Inc., the USA-based subsidiary of Ronanki Infotech (RI), headquartered in IT hub city Bangalore, is one of the Growing Software Development companies in IT service space. Founded in the year 2003, the company is active in the areas of Telecom and Enterprise SW development. Activities involve wholesale/retail telecom business, development of telecom software products and software services in the state-of-the-art technology.
This agreement allows Tele Tek Solutions Inc. customers to use their checking accounts as an additional form of online payment. MyECheck's patent pending software can debit every U.S. checking account, even accounts that ACH cannot debit; thus providing online merchants financial access to more consumers and businesses than any other payment method.
MyECheck provides faster clearing and funds availability, substantially reduces charge-backs and risk and improves cash-flow; all at a much lower cost than credit or debit cards. eCheck processing on the MyECheck system functions much like credit card authorization, however MyECheck transactions can be guaranteed, eliminating the impact of fraud on merchants. Guaranteed transactions are authorized and processed in real-time with transaction success rates exceeding Card and ACH eCheck success rates.