MyECheck Inc. (MYEC.OB) Announced the Addition of Symmetry Direct Corporation to Online Processing List
Source: http://Blog.QualityStocks.net/?p=10549Posted on Tuesday, June 10th, 2008 | In Current Market News, OTCBB Markets, Small & Micro Cap, Stocks to Watch
MyECheck Incorporated is a financial electronic transaction processor and provider of alternative payment solutions for Internet and mobile commerce. Today MyECheck has proudly announced that Symmetry Direct Corporation is now processing live though MyECheck’s Check 21 Software. With this partnership, Symmetry Direct can now benefit from the increased sales, lower costs, faster clearing time and fund availability associated with MyECheck merchants.
The CEO of MyECheck, Ed Starrs, commented on the addition of Symmetry Direct by saying, “A sea change is underway in the online payments world, with credit cards losing dominance as new payments options emerge. Credit cards accounted for over 90% of online payment volume in 2000, but will only account for a minority of e-commerce dollar volume by 2009. MyECheck is part of that revolution.â€
Symmetry Direct is a producer of nutritional supplements, weight management products, and nutraceuticals. They are based in Milpitas, California and have been operating in the supplement market since 1995. The company has been experiencing consistent double digit revenue growth and is now turning to MyECheck to help continue this trend.
MyECheck will provide Symmetry Direct with a substantially reduced number of charge-backs and risk, and improve cash-flow. Moving forward, all transactions can be guaranteed by MyECheck, eliminating the impact of fraud on Symmetry Direct. These transactions will deliver success rates exceeding those of card and ACH eChecks.
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