MyECheck (OTC.BB:MYEC), an electronic transaction processor and provider of Check 21 alternative payment solutions, is pleased to announce that it has signed the Metropolitan Benefit Group as a client.
The Metropolitan Benefit Group is the premier provider of warranty products for top companies in North America, South America, Europe & the Caribbean. They specialize in administration, underwriting and marketing of warranty and service contracts in the wholesale and retail markets.
MyECheck's patented RCC image service is the world's first Check 21 processing solution for remote and online transactions, and is ideal for recurring payments and batch transactions. MyECheck's RCC solution can clear funds from any checking account in the Federal Reserve banking system; more institutions and accounts than ACH can reach. RCC images clear faster than ACH, and have fewer return reasons. RCCs are not governed by NACHA and are not subject to their rules, fees, fines and chargeback policies
MyECheck is the first to market with this type of service in the multi-trillion dollar paper check image processing industry, while maintaining a leadership position as an online Check 21 processor. MyECheck services lower transaction abandonment, virtually eliminate charge-backs, increase market size, increase conversion rates and increase profits for its clients.
Ed Starrs, CEO of MyECheck, commented, "MyECheck continues to add merchants to its software platform thereby increasing the prospects of long term revenues to the company. This announcement and other similar ones only highlight some of the larger partnerships that the Company is signing and do not include the myriad of smaller customers signing up for our services."