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It is anticipated that the integration between Simplifile and MyECheck will be completed by late summer 2009. Once complete, Simplifile customers will have the option to make recording and submission fee payments with virtually any checking account in the United States -- including all business accounts.
"We are excited to work with MyECheck and their industry leading online check imaging services," said Paul Clifford, President of Simplifile. "We believe that the addition of MyECheck's patented technology not only will allow us to electronically originate secure check transactions and transfer funds but will give our customers the ability to utilize finance accounts not previously available for payments."
"We are pleased to provide our fully electronic green services to Simplifile," said Ed Starrs, CEO of MyECheck, commented. "The MyECheck solution is ideal for escrow account payments and real estate transactions because of its speed and capability to process any size transaction from any account. The addition of Simplifile is an impressive addition to our rapidly growing portfolio of larger accounts."
About Simplifile
Simplifile provides innovative, simple, and secure electronic recording services via the Internet. Simplifile's customers include title companies, banks, attorneys, lien filers, and county and state government jurisdictions. Simplifile electronic recording services accelerate document recording and simplifies document workflow processes that reduces costly overhead associated with traditional submission and recordation methods while improving client service levels.
Simplifile is focused on building the industry's de facto electronic recording network. As such, Simplifile provides a streamlined and scalable approach to electronic recording tailored to organizations of all shapes and sizes. For more information on how Simplifile can benefit your organization, visit www.simplifile.com or call 801.373.0151.
Simplifile is a registered service mark of Simplifile, LC.
About MyECheck
MyECheck Inc. is a leading electronic transaction processor and provider of alternative payment solutions for brick & mortar, internet, and mobile commerce. MyECheck utilizes a patented method of creating and clearing remotely created checks 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 "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 SEC.
Simplifile Press Contact: Richard Jackman Marketing Manager Simplifile 801.373.0151 Email Contact MyECheck Press Contact: Patrick Lowry Investor Relations Manager MyECheck, Inc. (916) 932-0089 Email Contact
SOURCE: MyECheck Inc.
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