MyECheck, an electronic check payment services provider, has unveiled a latest version of its patented electronic check data processing engine.
Available with enhanced security and functionality, the new MyECheck Version 3.0 can be quickly integrated with any bank in the US Federal Reserve banking system.
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The company said that the new proprietary security and anti-fraud systems within the new platform will be introduced into the industry to further validate all data associated with a transaction in real time and enable new types of real time commerce and revenue streams for MyECheck customers and licensees such as real time mobile payments.
According to MyECheck, the other features will include plug-ins for mobile commerce apps, faster customer integration, licensee modules and reporting, faster processing speeds and much higher processing capacity, with additional functionality to be easily added as plug-in modules.
MyECheck CEO, Ed Starrs, said: "MyECheck Version 3.0 represents a major system upgrade over 2.0 released in July 2006. New capabilities equip us to handle our new revenue streams, higher capacities and evolving customer needs while improving efficiency.
"After over 10,000,000 fully electronic checks processed, MyECheck has never had a fraud complaint or refund, and security protocols and new technologies in MyECheck Version 3.0 will help ensure we continue to stay ahead of fraud."
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By GlobalDataFurthermore, MyECheck has entered into a long-term agreement with Quality Technology Services (QTS) to provide outsourced hosting services in Sacramento.
QTS operates and manages over 3.8 million square feet of secure, data centre infrastructure and provides dependable mission-critical IT operations for over 800 customers.
