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 30 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 leverages the exisiting online systems functions and capabilities within the clients own Financial Institution in a real-time fashion. These transactions are done from clients own Chequing, Savings, or Credit Card account. The fact is the existing online payment systems require that the client enter their Credit Card, Transit/Route/Account, or other forms of personal traceable markers.
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.
UseMyBank has decided to step in line, despite the fact that they are a Canadian company and therefore not obligated to obey US legislation.