PRESS RELEASE
October 1, 2003
For Immediate Distribution
Merchant Services, Inc. in New Jersey and Global eTelecom, Inc. Renew Partnership Agreement
Destin, Florida - Global eTelecom, the national leader in the Electronic Check Conversion (ECC) industry announced today the renewal of their agreement with Merchant Services, Inc (MSI). Under this contract, Global eTelecom will continue to provide complete back engine processing and support for the MSI Electronic Check Conversion program. These programs empower merchants to accept and process paper checks similar to a credit card transaction.
“The leadership at MSI had the foresight 2 years ago to note electronic check conversion was a value to their sales reps and merchants. We’re very fortunate to continue our partnership with such a pioneering organization. MSI continues to be on the leading edge by offering our solutions and they also continue to be innovative in the bankcard industry with their 1-800-BankCard program and signing bonus programs. Organizations like MSI that are forward thinking, dedicated toward rapid growth and client satisfaction are ideal sales channels for our programs.” Says Chris Brundage, Senior Vice President of Global eTelecom.
“Electronic Check Conversion accelerates cash flow, saves time, costs less and reduces risks; it is a clear winner for merchants,” said Mario Parisi, chief officer of operations for MSI. “We are focused on finding and operating the best solutions for our customers, and our partnership with Global eTelecom positions us strongly in this ‘must have’ application.”
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. More information on Global eTelecom can be found on the company's website at www.globaletelecom.com
About Merchant Services, Inc.:
MSI is Merchant Services, Inc. – a premier credit and debit card processor serving merchants nationwide. MSI today enables over 25,000 businesses to accept credit cards. The company offers complete merchant account solutions for Visa, MasterCard, American Express, Discover Club, JCB and private label card acceptance. Advanced and feature-rich programs for electronic check conversion, check guarantee, EBT, loyalty and gift cards are all available. MSI is dedicated to achieving the highest levels of client satisfaction for its credit card services through exceptional support available 24X7. MSI differentiates itself with its broad range of payment acceptance programs, direct leasing for payment terminals, same day merchant activation and a 98% approval rate on all merchant applications, one of the highest in the industry. At MSI, sales associates and independent sales organization partners are also treated as “customers.” MSI management regards lead sharing, support, competitive pricing and prompt payment of residuals as essential to mutual and enduring success with its sales team. Founded in 1989, MSI is located in the New York tri-state area. For additional information please visit our Web site: www.merchantservices.com
Contacts:
Chris Brundage
Senior Vice President
Global E Telecom
35008 Emerald Coast Pky
Destin, FL 32541
Phone: (850) 650-8506
Email: cbrundage@globaletelecom.com
Mario Parisi
Chief Operations Officer
Merchant Service, Inc.
2204 Morris Ave. #303
Union, NJ 07083
Phone: (908) 622-1200
Email: Mario@msihq.com