MyECheck Inc. (MYEC.OB) Patent Awarded For Technology Used In Online Remotely Created Check Service
MyECheck Incorporated is a financial electronic transaction processor and provider of alternative payment solutions for Internet and mobile commerce. The company was recently issued a patent for their “METHOD AND APPARATUS FOR ONLINE CHECK PROCESSING” by the United States patent and trademark office. MyECheck calls this patented, electronic transaction processor Check 21, and it is used used by MyECheck for the creation and clearing of imaged, authorized demand drafts, also known as remotely created check image files. The patent issued by the United States Patent & Trademark Office is patent number 7,389,913 and was issued on 06/24/2008. The patent will…