MyEcheck, Inc. (“MyEcheck” or “The Company”) is one of the first-to-market companies in the funds transfer services sector providing proprietary electronic check services. The Company’s goal is to capitalize on opportunities created by The Check Clearing Act for the 21st Century (“Check 21”) that became law on October 28, 2004. The legislation facilitated check truncation by creating a new negotiable instrument called a “substitute check.” This change created a demand for alternatives to debit/credit card and ACH payment solutions.