eChecks processed with MyECheck system

June 20, 2008 - 11:50am | News | Payment systems |
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[img_assist|nid=8113|title=|desc=|link=none|align=left|width=100|height=42]Merchant customers of Checkgateway, a leading provider of electronic payment services are able to process Remotely Created Check transactions through the MyECheck payment engine. MyECheck which is an electronic transaction processor and provider of alternative payment solutions uses a patent pending technology to generate electronic eChecks in accordance with the Check Clearing for the 21st Century Act (HR 5414 - "Check 21") specifications.
MyECheck's partner banks or check clearing system receive these eChecks in almost real-time.

The two companies represent the respectable entities experiencing rapid growth in the growing eCommerce and Payments industries. Checkgateway, being a leader and innovator in the Automated Clearing House (ACH) payment processing industry, has been an ACH service bureau since 1993. Besides, Checkgateway is an affiliate member of the National Automated Clearing House Association (NACHA).

As for MyECheck's Check 21 solution, it is the fastest, safest and most cost effective way to process electronic payments from an expanding customer base.





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