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MyECheck Inc. Signs California State Teachers' Retirement Fund (CalSTRS) to Its Check 21 Patented Software
(Marketwire Via Acquire Media NewsEdge) EL DORADO HILLS, CA, November 17 / MARKET WIRE/ --
MyECheck Inc. (OTCBB: MYEC), an
electronic transaction processor and provider of alternative payment
solutions, is pleased to announce that it has signed the California State
Teachers' Retirement Fund (CalSTRS) as a customer to their Check 21
patented software.
CalSTRS's primary responsibility is to provide retirement related benefits
and services to teachers in public schools and community colleges. It
administers retirement, disability and survivor benefits for California's
813,000 public school educators and their families from the state's 1,400
school districts, county offices of education and community college
districts.
CalSTRS is the largest U.S. teachers' retirement fund and the second
largest U.S. public pension fund with a membership of 795,000 and assets
of $147 billion as of September 30, 2008. See www.Calstrs.com for more
information.
Edward Starrs, CEO of MyECheck, stated, "We are excited to have this high
profile client added to our growing roster of clients. Electronic checks
have the most potential to meet current and future needs of the electronic
payments industry. With the advent of MyECheck, a payment system now exists
that is more efficient at a very low cost, especially when compared to card
processing rates and charges, clears payments faster, is more universally
available to consumers and businesses and provides a more fair and
equitable e-commerce transaction platform."
MyECheck's Check 21 solution offers the fastest, safest and most cost
effective way to process electronic payments from an expanding customer
base, and is experiencing rapid growth in the growing eCommerce and
Payments industries.
MyECheck utilizes a proprietary, patented method of creating and clearing
remotely created checks (RCCs) for exceedingly fast, secure and convenient
payments. Since inception in 2004, MyECheck has continued to enhance its
offerings and launch new services including Remote Deposit Capture and POS
solutions.
About MyECheck
MyECheck Inc. is a leading electronic transaction processor and provider of
alternative payment solutions to credit cards for brick & mortar, internet,
and mobile commerce. MyECheck utilizes a patented method of creating and
clearing remotely created checks (RCCs) for exceedingly fast, secure and
cost effective payments. As the leader in Check 21 solutions and check
image processing for online merchants, MyECheck provides merchants with
financial access to more customers than any other payment method.
Please visit www.myecheck.com
Forward-looking statements in this release are made pursuant to the "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 Securities and Exchange Commission.
MyECheck Contact:
Patrick Lowry
916.932.0089Email Contact
Copyright ? 2008 Marketwire
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