Electracash expands strategic partnership with My Payment Network

Electracash, a leading provider of Internet check payment processing services, announced today about the expansion of its strategic partnership with My Payment Network, an electronic payment services supplier, to offer an "all in one payment solution" for both credit card and electronic check processing. Owing to this licensing agreement Electracash will offer the "MyPayNet" service under its brand to existing and new customers which were not serviced by the company before. The MyPayNet service correspond a full-featured online payment system that enables merchants to accept a wide range of payments including invoicing and recurring payments via online checks and credit cards. The MyPayNet service is based on the proprietary and PCI audited technology developed and maintained by My Payment Network. Lee Falls, Electracash CEO, commented the partnership: “Electracash has been searching for a good way to offer credit card processing along with our electronic check services; MyPayNet gives us a great way to do that. With this enhanced service, customers can pay invoices via online checks or credit cards right at the merchant's website."