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Updated: Friday, September 4, 2015

MyECheck debuts check-based mobile wallet

MyECheck, an electronic check company established in 2004 and based in Folsom, Calif., released a two-sided mobile payment application for merchants and consumers on Aug. 28, 2015. Available on the Internet, Google Play and Apple iTunes Store, eMobile Pay facilitates “card-free, hardware-free” payments on smart phones and Internet browsers for a low, flat fee, the company said.

Consumers can link a checking account from any U.S. bank to the eMobile Pay wallet. Merchants pay 25 cents per transaction to process eMobile Pay transactions.

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