Merchant Services Network Releases Convert-A-Check Program Utilizing Global eTelecom's Proprietary Electronic Check Conversion Technology.Business Editors/High-Tech Writers DESTIN, Fla.--(BUSINESS WIRE)--May 28, 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 that the company has been selected as the back end processor for 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 Network's Electronic Check Conversion Program, Convert-A-Check. The Convert-A-Check program enables merchants to accept and process paper checks electronically similar to a credit card transaction. "We are excited to equip Merchant Services Network with our robust and customizable electronic check solutions. When considering their presence at the Electronic Transactions Association (ETA) event, combined with their marketing material and new infrastructure, Merchant Services Network has done one of the most impressive initial releases of a total payment processing solution (credit, debit, gift loyalty, checks) that I have seen. Merchant Services Network is an ideal partner for our programs and technology," stated Chris Brundage, Senior Vice President of Global eTelecom. Michael Usbelger, President of Merchant Services Network of Wellington, Florida Wellington is a village in Palm Beach County, Florida, United States. As of 2006, the village had a population of 55,584 according to the U.S. Census Bureau.[3] , stated, "Merchant Services Network is gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to be working with Global eTelecom because their menu of services is comprehensive and customizable enough for our company to proudly offer it to our merchants. Our merchants expect and receive exceptional service and quality of services. By choosing Global eTelecom, we can offer our merchants everything from simple check authorization to full electronic check truncation with guaranteed funding." Added Usbelger, "Merchant Services Network is a fast growing, innovative merchant processing company. In the past year, the number of employees has increased five fold, and the next year promises to be even more dynamic. Merchant Processing is a highly competitive, highly technical business. Outsourcing our electronic check back end processing to a company like Global eTelecom keeps Merchant Services Network on the leading edge of merchant processors." About Global eTelecom, Inc.: Providing TOTAL Check Solutions. Global eTelecom provides its proprietary, fully customizable XML based XML Base is a W3C recommendation, that proposes a facility for defining base URIs for parts of XML documents. XML Base recommendation was adopted on 2001-06-27. External links
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 . 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 Corp. More information on Global eTelecom can be found on the company's website at http://www.globaletelecom.com About Merchant Services Network: Merchant Services Network is a leader in the merchant bankcard processing industry for more than 10 years. Merchant Services Network is a full service, nationwide processor of Visa and MasterCard. We offer one of the most comprehensive packages of products and services available from a single source. We enhance point-of-sale transactions by offering all types of payment options, including Credit, Debit, Electronic Check Processing, eCommerce capabilities and Gift & Loyalty card programs. |
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