
PRESS RELEASE
June 3, 2003
For Immediate Distribution
MedCom USA, Inc. Partners With Global eTelecom To Offer Electronic Check Conversion To The Healthcare Industry
Destin, Florida - Global eTelecom, the national leader in the Electronic Check Conversion (ECC) industry announced today that the Corporation would provide MedCom USA, Inc., a publicly traded company (EMED) with an integrated, complete check solution program to service the health care industry. MedCom USA’s multiple solutions improve processing efficiencies and significantly reduces administrative expenses for healthcare providers, hospitals and insurance payers nationwide. Integrating Global eTelecom’s customized technology into MedCom’s existing solutions will enable healthcare industry providers to accept and process paper checks electronically, similar to a credit card transaction, thus adding increased value and efficiencies for the healthcare provider.
“The MedCom USA programs bring a total financial/healthcare processing solution to the healthcare industry. Global eTelecom considers it an immense compliment that they have chosen to integrate our electronic check conversion and payment guarantee into their product solutions. MedCom USA exemplifies the innovative and skilled type of organization that we endeavor to align ourselves with,” says Chris Brundage, Senior Vice President of Global eTelecom.
“MedCom has an on-going strategic business plan to continue developing value-added, healthcare industry electronic commerce products and services which are HIPAA compliant. By partnering with Globel e Telecom who is nationally recognized as an industry leader in electronic check conversion, we add an exciting valuable service to our growing network of healthcare providers, which will help them save both time and money on bank fees, deposit times and collection charges on bad checks,” stated Mr. Bill Williams, President, CEO, and Chairman of MedCom USA.
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), 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 Payment Systems Corp.More information on Global eTelecom can be found on the company's
website at www.globaletelecom.com
About MedCom USA, Inc.:
MedCom USA, Inc. a publicly traded company (EMED) provides multiple innovative solutions for
electronically processing transactions within the healthcare industry.The Company’s healthcare business unit:
MedCard, offers a service package for physicians, clinics and hospitals
includes the following services; Patient Eligibility, Paperless Claims
Processing, Electronic referrals, patient Easy Pay, Credit/Debit Cards and
Check Guarantee. More information On MedCom USA can be found at MedCom USA’s
website at www.medcard.com
Contacts: