MyECheck Announces New IP Licensing Revenue Model

EL DORADO HILLS, Calif., April 24, 2013

MyECheck is the sole licensee of US Patent No. 7,389,913. "Method and apparatus for online check processing", and has patent sub-licensing rights that it now intends to exploit.  Additionally, MyECheck has developed and operates the worlds first and most robust electronic check engine, replications of which are now being licensed to other companies.

Ed Starrs, CEO of MyECheck commented, "Our new licensing model will enable far greater and faster uptake of the technology controlled by MyECheck, and add new large revenue streams.  In addition to our processing revenue, we will have licensing revenue that will exceed our processing revenue in a relatively short period of time."

The MyECheck service provides the most viable alternative payment option at substantially lower rates than card processing fees.  MyECheck works with every US checking account, even accounts that Automated Clearing House (ACH) e-check solutions cannot debit, enabling payments from a larger customer base, and providing faster clearing of payments with less risk.

About MyECheck
MyECheck Inc. is a leading electronic transaction data processor and that provides an alternative payment solution to paper checks, cards or ACH payments. MyECheck utilizes a patented method of clearing check data for exceedingly fast, secure and cost effective payments. As the leader in Check 21 solutions and check image processing for online and mobile transaction, MyECheck provides merchants with financial access to more customers and faster funds clearing than any other payment method.

Please visit www.myecheck.com

Contact:
Ed Starrs
Investor Relations: ir@myecheck.com
Sales: info@myecheck.com