SOURCE: Global eTelecom, Inc.
April 03, 2012 05:00 ET
FT. WALTON BEACH, FL--(Marketwire - Apr 3, 2012) - Global eTelecom, Inc. (GETI), a premier electronic check, ACH, and Gift/Loyalty card processor, announced they are now offering back-end processing services to any check and ACH processing company seeking an alternative ODFI(Originating Depository Financial Institution) relationship. GETI's proven processing engine can be utilized for processing all SEC codes and Check 21 remote deposit capture items.
"We've been extremely successful in piloting this solution for six other prominent check companies this past year," comments Chris Brundage, COO of GETI. "Companies are searching for alternatives to their current ODFIs for processing. Pain points for them are volume restrictions, strenuous underwriting scrutiny, limitations on types of businesses and SEC codes, and sub-par service/support. GETI has uncovered a much underserved market. And, as a third party processor ourselves, we understand the requirements for satisfying another processor."
Check and ACH companies benefit from being able to leverage GETI's underwriting, risk mitigation and fraud management systems. Point of Sale (POS) and software integrations are fully supported and transaction data can be securely transmitted via files or web services API. Third-party processors retain full control of all aspects of the system, such as underwriting, funding, delay days, reserves, billing, and support. GETI's processing engine includes robust transaction reporting and allows the utilization of various optional verification databases as needed. Low reserve requirements, high monthly processing limits, and competitive pricing make launching easy and profitable.
About Global eTelecom, Inc. (GETI)Global eTelecom (GETI) provides proprietary electronic Check processing and Gift/Loyalty services to over 55,000 merchants nationwide. GETI's products are marketed through sales channels of banks, independent sales offices and credit card processors. GETI operates under the guiding principle that our highest priority is to protect the ISO-merchant relationship and we take great pride in our service and support levels to assist our valued partners. Global eTelecom's value added solutions include: Electronic POS Check Conversion, Paper Guarantee, ACH Debit, Checks-By-Phone, Checks-By-Web, Check 21 Remote Deposit Capture, mobile Tele-Debit and Gift/Loyalty Card Processing. GETI is part of Sage North America. For information, please visitwww.Globaletelecom.com
