MyECheck partners telecom provider

[img_assist|nid=8113|title=|desc=|link=none|align=left|width=100|height=42] One of the young but very perspective online processors and providers of alternative payment solutions, MyECheck Inc., has signed a contract with Raza.com, a provider of telephone cards, famous for its cheap rates. Only the last year, owing to its quality and low rates, Raza.com has grown into a $4 billion industry and sold nearly 500 million cards.

Under the signed contract MyECheck Inc. will provide its comprehensive suite of electronic check processing services. As for Raza.com, this agreement will enable the telecommunication company to offer its customers to use their checking accounts as an alternative form of online payment. The latter became possible with the help of the pending software patent of MyECheck that allows debiting every U.S. checking account, and even those accounts which ACH cannot debit at all. Therefore, MyECheck, comaring to other processors, can allow the merchants to access a greater base of consumers.

The phone card industry has mushroomed to a $4 billion industry with an estimated 500 million cards sold last year alone.