CrossCheck Acquires Check Services Residual Stream From Merchant Payment Center.ROHNERT PARK Rohn·ert Park A city of west-central California, a residential suburb of Santa Rosa. Population: 42,300. , Calif. -- CrossCheck cross·check tr.v. cross·checked, cross·check·ing, cross·checks 1. To verify by comparing with parallel or supplementary data. 2. , Inc., the nation's third largest check approval and guarantee service provider announced that they have purchased the check residual stream from Merchant Payment Center, a payment provider headquartered in North Hollywood, California. "We are happy to be able to offer liquidity to one of our partners. Our sales programs offer flexibility and portability and Merchant Payment Center was able to benefit by those features with this transaction," said J. David Siembieda, CrossCheck's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Merchant Payment Center provides credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. processing, and check approval and guarantee services to merchants throughout the country. Merchant Payment Center and CrossCheck became partners in 2003. Check services offered by CrossCheck include standard check guarantee, check conversion and several industry specific premium programs. These programs aid retailers and auto dealers by providing check handling convenience and reduced risk. About CrossCheck, Inc. CrossCheck, Inc., a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. leader since 1983, processes and approves billions of dollars worth of check transactions annually for retail and dealer outlets throughout the U.S. For more than 23 years, its goal has been to increase merchants' profits by providing efficient and affordable check approval, guarantee and conversion services that can help increase sales and reduce risk. The company is headquartered in Northern California and has additional offices in Southern California and Texas. Their services are marketed by a direct sales force, over 1,400 independent sales offices and 117 partners. CrossCheck partners include the nation's top bank card acquirers which process over 49 percent of the nation's bankcard volume. Visit www.cross-check.com or call (888) YES-2CHX See Chicago Stock Exchange. CHX See Chicago Stock Exchange (CHX). for more information. |
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