Pay By Touch Teams with Global eTelecom
Destin, Florida - February 9, 2007
Global eTelecom, Inc (GETI), announced today that Pay By Touch has chosen to offer their partners and merchants GETI's Check conversion & guarantee products.
Integrating Global eTelecom's customized technology into Pay By Touch Payment Solutions' existing programs will enable merchants to accept and process paper checks electronically, thus adding increased value and efficiencies. GETI is raising the bar in the Check processing industries by providing exceptional support and service combined with flexible and scaleable solutions to meet the needs of small, medium and large merchants nationwide.
"Pay By Touch has continually demonstrated their leadership as an innovator in the payments industry," said Chris Brundage, COO / EVP of Global eTelecom. "By selecting our service, they reinforce the importance of providing total payment solutions to their merchant base. We are honored to be a part of Pay By Touch's solution, and to be working with the company's highly respected team."
"GETI is a proven leader in the check processing arena," said Ron Carter, President of Pay By Touch Payment Solutions. "Teaming with GETI enables us to offer complete and robust payment processing solutions to our partners and merchants."
Note: Ron Carter was also President and COO of Verus Financial Management, which acquired Global eTelecom. Verus, which processed $10 Billion annually with 100,000 merchants, was an intended target acquistion for Pay By Touch. Instead, it was acquired last February by Sage, whom outbid Pay By Touch with a $325 million "cash" offer.
About Global eTelecom, Inc.:
Global eTelecom provides proprietary electronic check processing and Gift/Loyalty services to over 35,000 merchants nationwide. Global eTelecom's products are marketed through a sales channel of banks, independent sales offices and credit card processors. Global eTelecom's value added solutions include: Electronic Check Conversion, Traditional Paper Guarantee, ARC Lockbox Conversion, Recurring ACH Debit and Gift/Loyalty Card Processing. GETI is part of Sage Payment Solutions, a division of Sage Software, Inc. For more information, please visit the Web site at www.globaletelecom.com.
About Sage Software
Sage Software supports the needs, challenges, and dreams of more than 2.7 million small and mid-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading international supplier of accounting and business management software solutions and related products and services for small and mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.2 million customers and employs over 13,000 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.
About Pay By Touch
Pay By Touch (http://www.paybytouch.com/) is wowing the world one touch at a time as the global leader in biometric authentication, personalized marketing and payment solutions. To date, patented Pay By TouchTM biometric services enable 3.5 million shoppers to quickly and securely access personal accounts using a finger scan to identify themselves, make purchases and cash checks at 3,000 locations nationwide. The company also provides robust payment processing solutions for ACH (electronic checking), card-present and card-not-present debit and credit transactions for retail clients. Founded in 2002 and headquartered in San Francisco, Pay By Touch employs 800 professionals and holds more than 50 patents worldwide on secure, convenient and cost-effective transaction solutions.
Source: Company press release