CrossCheck, Inc., the nation's largest independently owned Check Guarantee company and GPST, LLC., a leading national electronic check processing (ECP) services provider, have formed a strategic alliance. This alliance will permit joint efforts in the direction of further electronic check processing development. CrossCheck's employees and ISO and bank partner relationships will have the ability to sell a new guaranteed point-of-sale ECP program. The program will leverage ECP technology solutions provided by GPST with the added strength of 15 years of Check Guarantee management and CrossCheck's extensive guarantee database experience.
CrossCheck is responsible for many of the enhancement services that have become commonplace in today's guarantee industry, such as unbundled pricing. They have also taken risks with programs such as Bank Fee reimbursement, paying interest on dishonored checks and its patent pending Internet check program, ChecksByNet, the Cybernetic check writer.
Russ Gosselin, GPST President, notes, "CrossCheck has become an expert in risk management, and has a firm position in the prime retail marketplace, which complements our own market strengths and standing. GPST has put together very solid ECP technology and combined with the strength of CrossCheck's outstanding guarantee products and market presence, we believe this alliance will make both companies a stronger force in the check industry."
Dave Siembieda, CrossCheck's Executive Vice President of Sales and Marketing, added "GPST is an excellent company with significant experience and technical expertise in a very young segment of the industry. We look forward to bringing our ISO and bank partners enhanced merchant penetration through the guaranteed ECP product. We also anticipate GPST's expertise benefiting both CrossCheck and CrossCheck's customers through even more competitive pricing and services."
CrossCheck can be reached at (800)654-2365. For more information about GPST call (719) 481-0757 or access the web at http://www.gpst.com.
