National Check Trust, Inc. Signs Agreement With Global eTelecom, Inc. for Electronic Check Conversion Processing.Business Editors/High Tech Writers
DESTIN, Fla.--(BUSINESS WIRE)--Aug. 8, 2001
Global eTelecom, the national leader in 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. ) today announced that National Check Trust, Inc. (NCT NCT National Childbirth Trust
NCT National Car Test
NCT North Carolina Theatre
NCT National Coordination Team
NCT Northern California TRACON
NCT Noise Cancellation Technology
NCT Network Control and Timing
NCT Nicotine Replacement Therapy ) has agreed to utilize the company's new proprietary, customizable XML based transactional processing technology and operational service package.
"We are very pleased to announce our new partnership with Global eTelecom. We have spent the last two years searching for a suitable business partner with the necessary experience, systems, and financial stability with which to launch our Electronic Check Conversion Product with Guarantee," states Alex Borroto, Vice President of National Check Trust. Based in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe.
Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. , National Check Trust, Inc. has been in the Check Conversion Business for over 11 years. " We selected Global eTelecom because of their processing technology, industry knowledge and experience, which were found to be superior to other companies we compared Global eTelecom with. We are looking forward to a long and mutually beneficial Adj. 1. mutually beneficial - mutually dependent
dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship with Global eTelecom and offering our current and future merchants with cutting edge Electronic Check Processing technology."
"We are honored that National Check Trust chose our company as their long term partner and one stop solution for Electronic Check Conversion technology," states John H. Beebe, Chairman & Chief Executive Officer of Global eTelecom. "As the Electronic Check Industry continues to explode, we look forward to joining with our National Check Trust to create customizable, efficient solutions for their processing needs, which then in turn enables them to provide cutting edge, value added Value Added
The enhancement a company gives its product or service before offering the product to customers.
This can either increase the products price or value. solutions for their customers. This is a win-win-win solution for all parties involved."
About Global eTelecom, Inc.:
Global eTelecom owns the first technology for processing checks electronically at the Point of Purchase through the National Automated Clearing House See ACH. Association (NACHA NACHA National Automated Clearing House Association
NACHA National Agency Clearing House Association ). Global eTelecom is an active member of NACHA's Electronic Check Council. 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 proprietary Electronic Check Services include: Electronic Check Conversion (Point-of-Purchase), Electronic Mail Order / Telephone Order Checks (MOTO), Encrypted Electronic Internet Checks, Lockbox Conversion, Electronic Recurring Debit, Electronic Represented Check Collection (RCK RCK Returned Check
RCK Reverse Crescent Kick (karate)
RCK Radio Check ), Wireless Encrypted Infrared Checks, 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
About National Check Trust, Inc.: (NCT)
National Check Trust (NCT) based in Miami, Florida has been providing payment guarantee solutions to merchants nationwide for over a decade, and guaranteed over 1 Billion dollars of checks in 2000. In addition to servicing a nationwide merchant base, National Check Trust works with the Washington Area New Automobile Dealers Association, (WANADA) in Washington, D.C. to provide payment guarantee services to automotive dealerships in and around the nations capital. For more information, please contact National Check Trust's website at http://www.nctinc.net .