NEWS RELEASE
August 7, 2001
For Immediate Distribution
Conversion Processing, LLC signs agreement with Global eTelecom, Inc. for Electronic Check Conversion Processing
Destin, Florida - Global eTelecom, the national leader in Electronic Check Conversion (ECC) today announced that Conversion Processing, LLC: (CP, LLC.) has agreed to utilize the company’s new proprietary XML based transactional processing technology and operational service package.
“Recently, we made a strategic decision to change Electronic Check Conversion processors. Our company had been searching for a partner-minded enterprise that allowed us focus solely on the electronic processing of checks. We were looking for a partner that would allow us unbounded flexibility to structure, operate and manage a first class electronic check processing service, with cutting edge web based data management systems. We also had other stringent criteria, a need to see high ethical standards from the top Management and ownership on down, a partner who sought to perform with excellence, and a partner who had a knowledgeable and responsive management team,” states Warren Carter, President of Conversion Processing. “Our firm services niche markets with a variety of innovative electronic check conversion solutions, and we needed a service provider that is willing and able to perform like us. Global eTelecom does this. We found Global eTelecom to be the “whole package”. Our entire staff could not be happier or more energized about our future now that we are a business partner with Global eTelecom.”
“The relationship with Conversion Processing continues to broaden our service base as a company,” states John H. Beebe, Chairman & Chief Executive Officer of Global eTelecom. “We are very pleased and honored that Conversion Processing chose to form a long term partnership with our company, and we look forward to growing together and working together to provide custom tailored solutions to the needs of our rapidly exploding industry”.
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 Association (NACHA). 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), Wireless Encrypted Infrared Checks, Electronic Check Image Capture, and Secure Web Based Check Image Retrieval. More information on Global eTelecom can be found on the company’s website at www.globaletelecom.com
About Conversion Processing, LLC: (CP, LLC.)
Conversion Processing LLC, -CP based in Cleveland, Ohio is an Electronic Check Conversion Provider servicing a variety of clients nationally with customized, innovative solutions and alternatives to handling paper checks electronically. Founded in 1996 with it’s grass roots in offering a number of payment processing services, CP evolved into a company that focuses on check payment solutions. CP provides effective and efficient electronic check processing solutions, and also has technical expertise in providing the right check processing equipment for a complete custom tailored package for it’s client. For more information on Conversion Processing, LLC contact Warren Carter at (216) 661-0405.
Contacts:
Global eTelecom
Chris Brundage
Director of Sales & Marketing
Phone: (850) 650-8506
Email: cbrundage@globaletelecom.com
Conversion Processing, LLC
Warren Carter
President
Email: wcarter@conversionprocessing.com