Sino Payments, Inc., a company providing IP credit and debit card processing services to large retail chains in China and throughout Asia, announced that it has signed a Memorandum of Understanding with Wincor-Nixdorf to provide the Sino Payments IP card processing system to retail chain, supermarket, and other retail customers initially in the Hong Kong market.

Matthew Mecke, Chairman & CEO of Sino Payments stated, “As one of the world’s largest and most important payment processing retail store hardware and ATM providers, Sino Payments is extremely pleased to work with Wincor-Nixdorf in HK to provide Sino Payments IP credit and debit card processing to Wincor-Nixdorf’s large regional client base. We hope to work closely as quickly as possible to identify potential customers in HK and Macau to provide our card processing services.”

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Today at the opening bell, MyECheck announced that Superior Business Network (SBN) has signed on as a client and will be provided with its comprehensive suite of electronic check processing services. SBN is the parent company of Yellow Pages and has put together one of the largest online directories to date for U.S. businesses and powers over 10,000 websites.

Through the software suite, SBN will now be able to offer their customers the ability to use their checking accounts to pay for services. MyECheck’s proficient system significantly reduces charge-backs, risk, and improves cash flow. The software suite also provides businesses with greater access and lower operating cost than both credit and debit card processing.

Ed Starrs, CEO of MyECheck, stated, “We are pleased to launch our services with the Superior Business Network of online yellow page websites. Checks continue to be the number one non-cash