About
MEC Inc is a payment and banking software developer, licensor, and service provider. The companyformats the transactional data received from its customers into Check 21 files and transfers the files to a bank for clearing. Its solutions include real-time check authorization, payment guarantee, check image creation and clearing, and online reporting. The company provides electronic check services to businesses, payment service providers, financial institutions, and other government entities. Its electronic check services enable companies to accept check payments online or over thetelephone. The "e" platform (eMobile) from MEC is a cloud banking, billing, and payment system that enables secure, fully electronic commerce over mobile devices, web, email, text, social media, and cardless ATM. In 2015, MEC (then called MyECheck) acquired the Seergate platform to enable a closed-loop payment system independent of third-party software platforms. Seergate Ltd continues to develop the platform for banks from Israel. The center provides a transactional emailing system that enables real-time authorization and settlement of electronic transactions through a secure, proprietary network. Seergate is the developer of the United Bank for Africa app EmailMoni for mobile payment.
Company Intelligence Q&A
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- What was MEC's former name?
- MEC was formerly known as MyECheck.
- When did MEC cease operations in Israel?
- MEC ceased to operate in Israel in March 2021.
- When did MEC go public, and on what exchange?
- MEC had an IPO in March 2008, trading on the OTC exchange under the ticker MYEC.
- What was MEC's market capitalization in 2018?
- MEC's market capitalization was $7.33 million as of January 1, 2018.
- When did MEC acquire the Seergate platform?
- In 2015, MEC (then MyECheck) acquired the Seergate platform. This acquisition was completed and integrated by May 7, 2015.
- What is the purpose of the Seergate platform acquired by MEC?
- The Seergate platform was acquired to enable a closed-loop payment system independent of third-party software platforms. Seergate Ltd continues to develop this platform for banks from Israel, providing a transactional emailing system for real-time authorization and settlement of electronic transactions.
- What is an example of a mobile payment app developed by Seergate?
- Seergate is the developer of the United Bank for Africa app EmailMoni for mobile payment.
- What is MEC's primary business activity?
- MEC Inc is a payment and banking software developer, licensor, and service provider, focusing on electronic check services and cloud banking systems.