MyECheck, Inc. (MYEC.OB) Announces Second Largest U.S. Public Pension Fund as New Client
Source: http://Blog.QualityStocks.net/?p=13863Posted on Monday, November 17th, 2008 | In Small & Micro Cap
Today, MyECheck announced that it will be providing California State Teachers’ Retirement Fund (CalSTRS) with its Check 21 patented software. CalSTRS is recognized as the largest U.S. teachers’ retirement fund and the second largest U.S. public pension fund with a membership of 795,000 and assets of $147 billion.
CalSTRS is primarily focused on providing retirement related benefits and services to teachers in public schools and community colleges. The fund administers retirement, disability and survivor benefits for California’s 813,000 public school educators and their families.
CEO of MyECheck, Edward Starrs, stated, “We are excited to have this high profile client added to our growing roster of clients. Electronic checks have the most potential to meet current and future needs of the electronic payments industry. With the advent of MyECheck, a payment system now exists that is more efficient at a very low cost, especially when compared to card processing rates and charges, clears payments faster, is more universally available to consumers and businesses and provides a more fair and equitable e-commerce transaction platform.”
MyECheck’s Check 21 patented software provides the fastest, safest and most cost effective way to process electronic payments. This proprietary solution is experiencing rapid growth in the burgeoning eCommerce and Payments industries. The company has taken a leading role in the industry by enhancing its existing offerings and launching new services.
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