MyECheck Inc., an electronic payment solutions provider, says it has launched a payment platform for real-time transfers between government accounts.
MyECheck G-Pay service is the only electronic payment service that is capable of processing fully electronic transfers from government-owned bank accounts, the company said in a release. The company developed the service to help government entities transition from use of cash, paper checks, credit and debit cards, and ACH “e-check” payments to real-time fully electronic payments.
The G-Pay application is a plug-in to MyECheck V 3.0 and provides security and payment capabilities for government entities to process authorized funds transfers to and from any government-owned checking account. The service will be sold to federal, state and local government entities through internal sales, and through the use of contracted government payment service providers as resellers.
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