Merchant Services, Inc. in New Jersey and Global eTelecom, Inc. Renew Partnership Agreement.Business Editors/High-Tech Writers DESTIN, Fla.--(BUSINESS WIRE)--Oct. 1, 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 agreement with 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 , Inc (MSI MSI: see integrated circuit. (1) (MicroSoft Installer) See Windows Installer. (2) (Medium Scale Integration) Between 100 and 3,000 transistors on a chip. See SSI, LSI, VLSI and ULSI. ). Under this contract, Global eTelecom will continue to provide complete back engine processing and support for the MSI Electronic Check Conversion program. These programs empower merchants to accept and process paper checks similar to a credit card transaction. "The leadership at MSI had the foresight 2 years ago to note electronic check conversion was a value to their sales reps and merchants. We're very fortunate to continue our partnership with such a pioneering organization. MSI continues to be on the leading edge by offering our solutions and they also continue to be innovative in the bankcard industry with their 1-800-BankCard program and signing bonus programs. Organizations like MSI that are forward thinking, dedicated toward rapid growth and client satisfaction are ideal sales channels for our programs." Says Chris Brundage, Senior Vice President of Global eTelecom. "Electronic Check Conversion accelerates cash flow, saves time, costs less and reduces risks; it is a clear winner for merchants," said Mario Parisi, chief officer of operations for MSI. "We are focused on finding and operating the best solutions for our customers, and our partnership with Global eTelecom positions us strongly in this 'must have' application." About Global eTelecom, Inc. Providing TOTAL Check Solutions. Global eTelecom provides it's 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 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 Check Image Retrieval. Global eTelecom's proprietary 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. More information on Global eTelecom can be found on the company's website at http://www.globaletelecom.com About Merchant Services, Inc. MSI is Merchant Services, Inc. - a premier 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. processor serving merchants nationwide. MSI today enables over 25,000 businesses to accept credit cards. The company offers complete merchant account solutions for Visa, MasterCard, American Express, Discover Club, JCB JCB Noun trademark, Brit a large machine used in building, that has a shovel on the front and a digger arm on the back [initials of Joseph Cyril Bamford, its manufacturer] JCB® n abbr and private label card acceptance. Advanced and feature-rich programs for electronic check conversion, check guarantee, EBT EBT See: Earnings Before Taxes , loyalty and gift cards are all available. MSI is dedicated to achieving the highest levels of client satisfaction for its credit card services through exceptional support available 24X7. MSI differentiates itself with its broad range of payment acceptance programs, direct leasing for payment terminals, same day merchant activation and a 98% approval rate on all merchant applications, one of the highest in the industry. At MSI, sales associates and independent sales organization This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. partners are also treated as "customers." MSI management regards lead sharing, support, competitive pricing and prompt payment of residuals as essential to mutual and enduring success with its sales team. Founded in 1989, MSI is located in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of tri-state area. For additional information please visit our Web site: http://www.merchantservices.com |
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