MyECheck, an electronic transaction processor and provider of alternative payment solutions, has signed Nationwide Billing Services as a client and will be providing them with its suite of electronic check processing services.
According to MyECheck, this agreement allows Nationwide Billing Group clients' customers to use their checking accounts as an additional form of online payment. MyECheck's patented software can debit all US checking accounts, even accounts that Automated Clearing House cannot; thus providing online merchants financial access to more consumers and businesses than any other payment method.Ed Starrs, CEO of MyECheck, said: "MyECheck offers its services at a fraction of the cost of credit-card processors, and does not require any deposits or rolling reserves. eChecks processed on the MyECheck system enjoy approval rates averaging over 90%, with many merchants exceeding over 95%."
