MyECheck Inc. Sponsored by First Regional Bank at Federal Reserve.SACRAMENTO, Calif. -- MyECheck Inc., a leading provider of comprehensive Check 21 imaging, processing and related solutions, today announced that First Regional Bank has sponsored MyECheck at the Federal Reserve. Once certified See certification. by the Fed, MyECheck will pass Check 21 files, ANSI (American National Standards Institute, New York, www.ansi.org) A membership organization founded in 1918 that coordinates the development of U.S. voluntary national standards in both the private and public sectors. It is the U.S. member body to ISO and IEC. X9.xx, directly to the Fed for immediate clearing to accounts at First Regional Bank. The MyECheck/First Regional partnership creates a unique solution that provides merchants with the fastest, safest and most cost effective way to process payments online from their customers. MyECheck was created to satisfy the demand for a viable alternative payment solution to credit cards for online commerce. MyECheck utilizes a patent pending method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. The Check Clearing for the 21st Century Act (Check 21) became law the same month that MyECheck was founded, and is designed to foster innovation in the payments system and to enhance its efficiency by reducing some of the legal impediments IMPEDIMENTS, contracts. Legal objections to the making of a contract. Impediments which relate to the person are those of minority, want of reason, coverture, and the like; they are sometimes called disabilities. Vide Incapacity. 2. to check truncation. About First Regional Bank First Regional Bancorp (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FRGB) is a bank holding company headquartered in Century City, California. Its subsidiary, First Regional Bank, specializes in providing businesses and professionals with the management expertise of a major bank and the personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. service of an independent. First Regional Bank offers the latest technology combined with a higher level of service, responsiveness and cost savings not found at other institutions. About MyECheck MyECheck, Inc. provides the best new technology for merchant processing that bypasses ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to (Automated Clearing House See ACH. ) issues and allows merchants to clear customer payments faster and more securely than with other processors. MyECheck leverages Check 21, and has created the world's first Check 21 solution for online merchants. Please visit www.myecheck.com for more information. |
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