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TMCNet:  MyECheck, Sionic Mobile Sign Agreement for Electronic Check Payments

[September 03, 2014]

MyECheck, Sionic Mobile Sign Agreement for Electronic Check Payments

FOLSOM, Calif. & ATLANTA --(Business Wire)--

MyECheck, Inc. (OTC PK: MYEC), the leader in electronic checks for mobile payments, today announced it has signed an agreement with Sionic Mobile to provide electronic check, fraud control and account services. Sionic Mobile, a mobile commerce leader providing mobile promotions, gifts, donations, payments and rewards, is the maker of ION Loyalty® for merchants and ION Rewards® for consumers.

"We are thrilled to partner with Sionic Mobile to provide a comprehensive payment solution for the ION Rewards application," said Ed Starrs, CEO of MyECheck. "Mobile payments are clearly the future. We are leading the way with smart solutions for e-check payments and the industry's most advanced security and fraud control technologies."

ION Loyalty helps merchants reduce or eliminate credit card fees, increase sales and instantly reward repeat customers. ION Rewards gives users one percent in IONs when paying with a linked credit/debit card at checkout, two percent when paying with a linked checking account and three percent when paying with a stored value account. ION Rewards users can earn and spend IONs at more than 30,000 national retail locations ranging from Lowe's and GameStop to Papa John's and Spa Week.

"With security and efficiency at the industry forefront, MyECheck enables Sionic Mobile to provide ION Rewars users a simple, effective way to pay with eCheck in the most secure way," said Bob Burroughs, EVP of Products at Sionic Mobile. "Giving our users more payment options allows us to tailor ION Rewards to fit their mobile spending methods. We have set out to revolutionize the mobile commerce experience by creating value for big or small merchants and consumers alike."


"Buy With Google (News - Alert)" became available on iOS in June, giving millions of iOS users access to the Google Wallet Instant Buy payment option. Consumers can now use the ION Rewards app to securely pay for purchases with their smartphones, in just two taps. Users are then instantly rewarded with IONs. Most recently, Sionic Mobile launched Shop2Give, an innovative e-donations platform that disrupts the traditional fundraising model by offering non-profits two seamless ways to receive mobile donations: first, supporters use the ION Rewards app to donate any amount at any time with just two taps; and second, Sionic Mobile donates two percent of mobile checkouts when supporters shop at more than 30,000 retail locations nationwide at NO COST to supporters or the non-profits.

About MyECheck

MyECheck Inc. is a leading electronic payment technology developer and payment services provider. MyECheck operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. This patented payment method is the fastest, most secure and most cost effective method of processing payments in the US, and it works with the most people, businesses and entities. MyECheck provides comprehensive payment solutions for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. MyECheck customers include corporations, retailers, governments, payment processors and financial institutions.

About Sionic Mobile

Atlanta-based Sionic Mobile markets to smartphone consumers and rewards them for every mobile checkout. The mCommerce company utilizes mobile devices and the cloud to connect merchants with nearby, ready-to-spend consumers. The company is the maker and provider of ION - the first, fully digital mobile promotions, gift cards, donations, payments and rewards apps for phones and tablets. Merchants use ION Loyalty® to increase traffic, sales & margins, reduce credit card fees and get good customers back more often. Consumers use ION Rewards® to earn IONs at every checkout, including sending gift cards or IONs to other ION users, then spend them like cash and donate to non-profits. The free apps support iOS and most Android (News - Alert) devices.


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