MyECheck, Inc., Now MEC, Inc., Targets Global Bank Payment Systems Licensing

EL DORADO HILLS, CA--(Marketwired - Jun 13, 2016) - MEC, Inc. (OTCQB: MYEC), a cloud banking and electronic payments technology developer, services provider and systems licensor, announced today that it officially changed the name of the company to MEC, Inc. The name was changed to better reflect the expanded focus of the company's offering to the international market. 

MEC provides fully electronic banking, billing and payment software solutions that enable easily accessible, high speed, secure and lower cost financial transactions for people, enterprise and government.

MEC's services include the MyECheck patented electronic check service, the fastest, safest, broadest reaching and lowest cost U.S. payment method; the developing eMobile card free wallet enabling real-time, guaranteed mobile, web, POS or recurring payments in the U.S. for pennies per transaction; and next generation global digital banking and payment systems for international financial institutions, the e platform.

MEC software only solutions enable real time funds transfers on mobile devices via QR code, email, text, Facebook and other social medial apps, MS Outlook app, card-less ATMs, and mobile apps. 

MEC is pursuing software licensing opportunities with banks in Africa, and has licensed the e platform to an African Fin-Tech services provider for the purpose of sub-licensing MEC software to banks based in Africa. 

Ed Starrs, MEC CEO, stated, "Large emerging markets are demanding new commerce enabling technology -- new banking and payment systems that are highly accessible, real-time, secure, and low cost. Payment systems that seamlessly fit lifestyles, via mobile devices, on the web or social media. MEC has developed the e platform to meet this demand."

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About MEC: Winner of the 2015 PYMNTS Award for Best Check Innovation, MEC Inc, (formerly MyECheck, Inc). is a leading electronic payment technology developer, licensor and payment services provider. MEC operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. This patented new payment method is the fastest, safest and lowest cost method of processing payments and moving money in the US. MEC provides comprehensive payment solutions for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. MEC customers include corporations, retailers, governments, payment processors and financial institutions. 

Forward-looking statements in this release are made pursuant to "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the SEC.


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