Today, Electracash, a leading provider of Internet check payment processing services, announced the expansion of its strategic partnership with My Payment Network to offer an "all in one payment solution" for both credit card and electronic check processing.
Electracash has entered into a licensing agreement with My Payment Network to offer the "MyPayNet" service under the Electracash brand to existing and new customers. The MyPayNet service is a full-featured online payment system that enables merchants to accept a wide range of payments. This includes invoicing and recurring payments via online checks and credit cards. Electracash and My Payment Network will work together to market the service to new business segments not currently serviced by Electracash.
Electracash CEO Lee Falls stated, "With this enhanced service, customers can pay invoices via online checks or credit cards right at the merchant's website. MyPayNet has an easy and intuitive online interface which allows customizing and changes to the process completely under the merchant's control. Electracash has been searching for a good way to offer credit card processing along with our electronic check services; MyPayNet gives us a great way to do that."
The MyPayNet service is based on the proprietary and PCI audited technology developed and maintained by My Payment Network. The service is uniquely designed for service companies and groups that want to take advantage of electronic payments but have different needs than those met by online shopping cart technology."