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C Global
eTelecom provides electronic check conversion services at the
point-of-sale that can now be utilized with CrossCheck’s guarantee
coverage for a complete check service offering. As many Green
Sheet readers
know, with electronic conversion, checks taken at the point-of-sale are
scanned through a device that reads the magnetic ink imprint and verifies
the authenticity. The check information is converted into an electronic
funds transfer for ACH processing. The converted checks are automatically
deposited to the merchant account, reducing the time the merchant spends
on banking. In addition, electronic check conversion can offer a merchant
savings on banking and accounting costs by consolidating check deposits
from different locations, lowering handling costs, and reducing bank fees. “This
alliance allows us to offer our merchants a comprehensive set of payment
services to choose from,” stated J. David Siembieda, Executive Vice
President of Sales and Marketing at CrossCheck. “Global eTelecom
provides excellent technology to meet the high standards and demands of
today’s marketplace.” Global
eTelecom, Inc., provides state-of-the art electronic check processing
capabilities to merchants and partners throughout the nation. More
information about Global eTelecom can be found at their Web site at
http://www.globaletelecom.com. CrossCheck,
Inc., is a multi-national information services company specializing in
predicting, scoring, and guaranteeing human behavior in the payment
tendering and purchase decisioning processes. CrossCheck provides payment
guarantee solutions to over 29,000 merchants across the country and
handled more than $6.5 billion in guaranteed transactions in 1999. For
more information, visit their Web site at www.cross-check.com.
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