RDATE:02102008
www.QualityStocks.Net
would like to highlight MyECheck, Inc. (OTCBB:
MYEC). The company is a leading provider of comprehensive viable
alternative payment solutions to credit cards for brick & mortar,
internet, intranet and mobile commerce. MyECheck utilizes a proprietary
method of creating and clearing remotely created checks (RCCs) for
exceedingly fast, secure and convenient payments. As the leader in
Check 21 solutions and check image processing for online merchants,
MyECheck's patent pending RCC solution provides merchants with
financial access to more consumers than any other single payment method.
In the company's news today,
MyECheck announced that it is growing in popularity with ecommerce
sites as consumers look for alternative payment options to credit
cards. According to a report published in the Wall Street Journal on
September 30, 2008, credit-card issuers have been decreasing credit
limits. Carol Kaplan, spokeswoman for the American Bankers Association,
stated, "They're doing it to everyone.'"
This reduction of available credit could literally force a substantial
increase in the use of eChecks for both smaller expenses as well as
bigger ticket items. This potential upcoming change is anticipated to
come easily because, even with the recent boom of credit cards, checks
continue to be the number one non-cash payment method in the US, with
more than forty trillion dollars processed each year.
CEO of MyECheck stated, "Up to 50% of adults either have no credit card
or have insufficient available credit, meaning that as many as 80
million US adults have no ability to buy online at the many websites
that only accept credit cards. Our customers are benefitting now and
enjoying a huge opportunity."
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