
NEWS RELEASE
March 24, 2003
For Immediate Distribution
Merchant Services, Inc (NY) Announces Partnership with Global eTelecom For Electronic Check Conversion
Destin, Florida Global eTelecom, the national leader in Electronic Check Conversion (ECC) today announced that the corporation has entered into an agreement with Merchant Services, Inc of New York. This partnership will enable Merchant Services, Inc. to provide Electronic Check Conversion to its customers by utilizing Global eTelecom’s proprietary processing engine.
Merchant Services is the nation’s 19th largest credit card processor, with over 70,000 merchants and over 1000 sales reps nationwide.
“MSI has a powerhouse of experience and leadership,” says Chris Brundage, Senior Vice President of Global eTelecom. “I am extremely excited by the unlimited possibilities created by placing our exceptional solutions in the skilled hands of MSI’s sales force. I think we compliment each other extremely well.”
“Merchant Services is excited about the partnership with Global eTelecom, who we feel is the leader in the Electronic Check Conversion market. We at MSI feel very confident in providing this value added service to our merchant base,” states Jeff Rosenblatt, Chief Operating Officer of Merchant Services, Inc.
About Merchant Services, Inc.:
Merchant Services is the 19th largest credit card processor, with over 70,000 merchants and over 1000 sales reps nationwide.
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’s proprietary Electronic Check Services include: Electronic Check Conversion (Point-of-Purchase), Electronic Mail Order / Telephone Order Checks, Encrypted Electronic Internet Checks, Lockbox Conversion (ARC), Electronic Recurring Debit, Electronic Represented Check Collection (RCK), Wireless Encrypted Infrared Checks, Electronic Check Image Capture, and Secure Web Based Check Image Retrieval. Global eTelecom’s electronic check services are licensed under U.S. Patents: 5,484,988; 6,164,528; 6,283,366; and 6,354,491. More information on Global eTelecom can be found on the company’s website at www.globaletelecom.com
Contacts:
Global eTelecom
Chris Brundage
Senior Vice President &
Phone: (850) 650-8506
Email:
cbrundage@globaletelecom.com