SOURCE: Global eTelecom, Inc.

Global eTelecom, Inc. Global eTelecom, Inc.

February 21, 2013 05:00 ET

Image Cash Letters From CheckAlt and Global eTelecom Reduce Costs and Speed Funds for Businesses

FT. WALTON BEACH, FL--(Marketwire - Feb 21, 2013) - Global eTelecom, Inc. (GETI), a leading electronic check, ACH, and Gift/Loyalty card processor, and CheckAlt, a premier provider of electronic check and Check21 Remote Deposit Capture (RDC) services, have partnered to offer Image Cash Letter (ICL) fund settlement for businesses. This partnership offers solutions to businesses that receive check payments through the mail, online, or via mobile applications. CheckAlt uses the payment data to create an ICL, which is transmitted to Global eTelecom for quick settling of the funds to the businesses' accounts.

"This relationship with CheckAlt further enhances GETI's ability to provide processing options to thousands of more clients. CheckAlt programs offer multiple benefits to the marketplace," said Chris Brundage, COO of Global eTelecom. "Our technology teams are a great match with CheckAlt. We are already experiencing material processing volume increases as a result of this certification." 

Advantages of payment settlement through ICL include reduced volume processing costs, streamlined back-office processes, later deposit times, and faster settlement of funds. Processing payments through the CheckAlt gateway and GETI allows businesses to realize real cost and labor reductions, thus positively affecting their bottom-line.

"CheckAlt currently delivers ICL / x937 files to hundreds of financial institutions," said Shai Stern, CEO of CheckAlt. "We are excited to offer this seamlessly integrated solution to the marketplace with such a quality partner as GETI."

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, Check21 Remote Deposit Capture, mobile Tele-Debit and Gift/Loyalty Card Processing. GETI is part of Sage North America. For information, please visit www.Globaletelecom.com

About CheckAlt
CheckAlt is among the country's premier payment processing companies providing Check21 services, allowing businesses nationwide to utilize its eCheck and patented Remote Desktop Capture (RDC) systems to improve their top and bottom lines. CheckAlt's unique RDC empowers businesses, credit unions, municipalities, non-profits, and community banks by enabling them to locally deposit scanned checks virtually while reducing associated internet transaction processing costs. Streamlined clients experience the benefits of receiving funds in less than 12 hours without having to change banks or accounting systems. For more information, please visit www.CheckAlt.com

Contact Information

  • Contact:
    Chris Brundage
    C.O.O.
    Global eTelecom, Inc.
    850-344-4310
    Email Contact

    Contact:
    Shai Stern
    Co-Chairman and C.E.O.
    CheckAlt
    310-417-1050
    Email Contact