MyECheck will process California State Teachers' Retirement Fund

A new customer supplemented the base of MyECheck Inc., a leading electronic transaction processor and provider of alternative payment solutions announced that it has signed the California State Teachers' Retirement Fund (CalSTRS) as a customer to their Check 21 patented software. Being the largest U.S. teachers' retirement fund and the second largest U.S. public pension fund CalSTRS has 795,000 members and assets of $147 billion as of September 30, 2008.

"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," said Edward Starrs, CEO of MyECheck.

By using MyECheck's Check 21 solution organizations receive the fastest, safest and most cost effective way to process electronic payments from an expanding customer base. MyECheck deploys a patented method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. MyECheck is constantly working at development of new services with Remote Deposit Capture and POS solutions at that.