MyECheck, Inc. (OTC PINK: MYEC), announced today that their card free, ultra-secure, low flat fee mobile payments system is now available to the public.
The eMobile Pay: Card Free Wallet smartphone app has been released on Google Play and in the Apple App Store on iTunes.
eMobile Pay is the first available mobile payment alternative to credit and debit card processing for businesses and merchants, and is free from card interchange fees. Instead of using credit or debit cards to load a wallet or make a payment, eMobile uses funds loaded from a linked checking account via any bank to process transactions. By removing expensive interchange fees and eliminating the multiple middlemen involved in credit card processing, eMobile is able to lower merchant processing fees by up to 85%.
MyECheck brings the concept of bank transfers into the 21st century with their patented, award winning technology. Their electronic check based mobile payment system becomes an alternative to costly and unsecure credit card processing.
Businesses that accept eMobile benefit from 100% guaranteed payments, zero chargebacks, real-time payment clearing, and unprecedented security that drastically lowers risk of fraud and data breaches -- all at a fraction of the cost of traditional credit card processing. Businesses pay only a 25 cent flat fee per transaction. Merchant savings can be passed on to customers through discounts in order to promote customer loyalty and acquire new customers.
eMobile Pay can be used on all Android and Apple smartphones and with all US checking accounts, including personal, business, and government accounts.
When invoicing with eMobile, transaction data is securely exchanged through Quick Response (QR) code invoices that are displayed on a screen or can be sent through email, text message, social media, messengers, and even on a printed bill. There are no scanners, swipe devices, hardware, terminals or gateways required to accept eMobile payments. Simply download the app, register and you are ready to accept payments.
Near future updates include merchant locationing and search combined with a unique rewards program to help support consumer adoption.
The eMobile web app will include advanced invoicing, recurring billing, and installment payments that meet the needs of larger businesses and corporate billers. The company will also be releasing a number of commerce plug ins to facilitate integration with the most popular point of sale and shopping cart systems.