UseMyBank is an innovative company focused on providing an alternative to the existing payment processing market place. This is done by simplifying and streamlining the clients ability to pay for goods and services over the Internet using their existing Financial Services provider.
While UseMyBank as an enterprise is new, the senior management team has over 50 years' of successful experience implementing Financial Services applications, solutions, and payments systems. UseMyBank was founded on the principle that the Financial Services sector is evolving at a remarkable rate, and that those companies - which choose to use the financial markets - must 'keep up' with the pace of change. As payment systems and infrastructure become increasingly complex, many companies will seek service providers to deliver all the basic infrastructure components - bundled in a way that they can be obtained and paid for in simple terms.
Furthermore, we believe customers will pay a premium for these services if they are integrated seamlessly, can be delivered in a flexible manner, and are ready to embrace leading-edge thinking with existing online payment technologies. UseMyBank provides an innovative and secure online instant payment method using the buyers own Financial Institution.
Our Automated Online Payment Interface provides the buyers the ability to make payments at their own Financial Institutions supported Internet site. Our Automated Clearing and Settlement system for Sellers and Affiliates allows wire transfers, cheques, and several other methods to be used. Easy to use summary and detailed reporting and management tools are provided.
For Buyers, UseMyBank accepts direct payments with your Online Internet Bank access to the Bank of Montreal, CIBC, Desjardins, Royal Bank, ScotiaBank, and TD Canada Trust. Additional Canadian, United States and International Financial Institutions are planned for release throughout 2005-2006.
Highlights:
For the Seller we offer:
- Direct online real-time payments from over 11 Million online banking Buyers and growing
- The best transaction fees available on the Internet today
- No holdbacks
- No merchant account involvement
- Quick and convenient direct transfer of funds to your preferred method.
For the Buyer we offer:
- Total control over all payments through your existing online bank account
- All payments are free
- No need to Sign Up or any other hidden complications
- A direct approach to paying for goods and services over the Internet, just like paying cash or direct debit
- Privacy. We only provide the Seller with your email address for verification
- Anonymity. We do not store any of your personal information
- A simple dispute/resolution mechanism.
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