MyECheck, a payment technology developer, has licensed its mobile payment system to three companies.
Electronic payment services reseller InterPay, banking software provider Sierra Global and Itonis Holdings will be among the first companies to receive MyECheck's new mobile payment system this May, according to a March 28 press release.
Itonis, which specializes in selling products to medical and pharmaceutical companies, will use the system to facilitate point-of-purchase transactions for medical marijuana, according to the release.
The MyECheck payment system works on computers and smartphones. It supports fund transfers and can also issue debit cards outside the U.S., allowing recipients to access funds from ATMs, according to the release.