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Published in Stocks and Investing on Tuesday, April 14th 2009 at 7:09 GMT, Last Modified on 2009-04-14 07:10:40 by Market Wire
EL DORADO HILLS, CA--(Marketwire - April 14, 2009) - MyECheck Inc. (
InOrder is a leading enterprise management system for multi-channel merchants, fulfillment service providers and publishers. Easily deployed as an off-the-shelf system, InOrder accommodates all sales channels, including web, phone, fax, EDI, POS and catalog sales in real time for immediate and accurate inventory and order processing.
Once the interface is complete, which is expected within a few weeks, InOrder clients can quickly and easily add MyECheck payment services without the need for technical integration with MyECheck.
Credit cards are the most popular means to pay for online goods and services, but alternative online payments will account for 26% of e-commerce volume by 2009. A sea change is underway in the online payments world, with credit cards losing dominance as new payments options emerge. Credit cards accounted for over 90% of online payment volume in 2000, but will only account for a minority of e-commerce dollar volume by 2009. This shift will have significant implications for banks, merchants, and service providers supporting card-not-present risk for online merchants.
Ed Starrs, MyECheck CEO, commented, "We believe the relationship with Morse Data is a large opportunity for our company as we have already seen strong interest from InOrder clients. We are looking forward to providing Morse Data clients with our leading patented electronic check processing solution, and adding many valuable customers to our growing portfolio."
About Morse Data
Morse Data Corporation was founded by Jim Morse in 1975. Morse Data is an innovative leader in the development of enterprise management systems for national and international businesses in the multi-client fulfillment, publishing, direct marketing, multi-channel merchant, and internet retailing industries. Cost effective and modular, InOrder is the scalable, end-to-end solution that serves as one central system to manage everything from eCommerce, customer response, campaign & list management, order, inventory & warehouse management, to accounting and reporting.
About MyECheck
MyECheck Inc. is a leading electronic transaction processor and provider of alternative payment solutions to credit cards for brick & mortar, internet, and mobile commerce. MyECheck utilizes a patented method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and cost effective payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck provides merchants with financial access to more customers than any other payment method.
Please visit [ www.myecheck.com ]
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the Securities and Exchange Commission.
