CardPayment Solutions and Global eTelecom, Inc. Renew Partnership Agreement For Electronic Check Conversion.Business Editors/High-Tech Writers DESTIN, Fla.--(BUSINESS WIRE)--May 13, 2003 Global eTelecom, the national leader in the Electronic Check Conversion (ECC (1) (Error-Correcting Code) A type of memory that corrects errors on the fly. See ECC memory. (2) (Elliptic Curve Cryptography) A public key cryptography method that provides fast decryption and digital signature processing. ) industry announced today the renewal of their processing agreement with CardPayment Solutions. Under this contract, Global eTelecom will continue to provide complete back engine processing and support for the CardPayment Solutions' Electronic Check Conversion programs. "We have had the pleasure of working alongside Matthew Hyman and his team at CardPayment Solutions for a year and half. It has been absolutely incredible to witness the growth they have accomplished in such a short period of time. They have built an outstanding organization founded on solid sales principles and strong work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work , while offering their sales offices a complete suite of solutions. We look forward to continuing to provide them the best electronic check solutions and assisting them in becoming one of the larger players in the merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or industry," says Chris Brundage, Senior Vice President of Global eTelecom. "Our experience with Global eTelecom has been exemplary. We could not have hoped for a stronger or more helpful partner in our quest to be on the forward edge of the industry in offering advanced payment solutions. Global eTelecom has the kind of seamless, perfectly integrated systems that a sales organization must have to stay competitive. We are excited to continue offering these advanced electronic check services to our clients," says Matthew Hyman, President of CardPayment Solutions, Inc. About Global eTelecom, Inc.: Providing TOTAL Check Solutions. Global eTelecom provides its proprietary, fully customizable XML based electronic check processing services to a nationwide network of banks, independent sales agents and associations, credit card processors, insurance companies, and retail merchants, ranging in size from small "Mom & Pop" stores to national retail chains. Global eTelecom's Electronic Check Services include: Electronic Check Conversion (Point-of-Purchase), Electronic Mail Order / Telephone Order Checks (MOTO), ARC Lockbox Lockbox A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box to which the firm directs its customers to send payment to. Conversion, Electronic Recurring Debit, Electronic Represented Check Collection (RCK RCK Returned Check RCK Reverse Crescent Kick (karate) RCK Radio Check ), Electronic Check Image Capture, and Secure Web Based Coming from a Web server. See Web application. Check Image Retrieval An image retrieval system is a computer system for browsing, searching and retrieving images from a large database of digital images. Most traditional and common methods of image retrieval utilize some method of adding metadata such as captioning, keywords, or descriptions to the . More information on Global eTelecom can be found on the Company's website at http://www.globaletelecom.com Global eTelecom's electronic check services are Licensed Under U.S. Patents: 5,484,988; 6,164,528; 6,283,366; and 6,354,491 from LML LML - 1. Lazy ML. A lazy, purely functional variant of ML designed by Thomas Johnson and Lennart Augustsson at the Chalmers University of Technology, Gothenburg, Sweden in 1984. LML is implemented on the G-machine, and was used to implement the first Haskell B compiler. Payment Systems Corp. More information on Global eTelecom can be found on the company's website at http://www.globaletelecom.com About CardPayment Solutions: Headquartered in Santa Barbara, California Santa Barbara is a city in California, United States. It is the county seat of Santa Barbara County, California. As of the 2000 census, the city had a total population of 92,325. , CardPayment Solutions provides a full suite of end-to-end payment processing solutions. With state-of-the-art systems and a strong infrastructure to support our growth CardPayment Solutions adds over 600 new merchants monthly and stays focused on exceptional service delivery to both our merchants and Agents/ISO's. For more information, please visit our website: http://www.csiprocessing.com |
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