MyEcheck Inc (OTCMKTS:MYEC) the leader firm in electronic check offerings for mobile and online payments, reported that it has uploaded its advanced ‘e’ Mobile Commerce Platform to Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) app stores for approval. After the approval, the app ‘e’ will be available to a restricted group in order to complete live testing. Once the testing process gets over, the apps will be launched for download by the general public.

The highlights

MyEcheck’s unique e Mobile Commerce app allows businesses to recognize real-time, assured payments from their clients using mobile devices. The merchants pay $0.25 per transaction or less on app. There are no other fees, no discount or interchange rates, allowing businesses to save 2% to 5% of sales, often recorded in payment processing and other related costs. There will be ‘e’ Rewards program that can be used by merchants to provide discounts to their clients to download and use the system, and encourage customer loyalty.

The benefits

MyEcheck Inc (OTCMKTS:MYEC) advanced e mobile system will permit customers to buy online or at a retail outlet, using mobile devices. There will be no need of carrying plastic cards or paper money along to shop at the retail outlets. They will even get discounts on their shopping when they download and use the system. The new system is software only, and can be downloaded from the app stops. The users just need to register and download app. There is no need of incurring extra costs on hardware requirements or any other thing.

The use

The system supports Apple and Android devices. It generates quick response code invoices that can be printed on a bill or displayed on a screen. The shopper simply scans the code with their mobile device and confirms payment from e Wallet.

In last trading session, the stock price of MyEcheck Inc (OTCMKTS:MYEC) consolidated to close flat at $0.0167. The share volume was 5.13 million compared to average share volume of 5.11 million.