eTech Develops Check Management Program for Convenience Stores (June 2008)
CEDAR RAPIDS, IOWA, June 2008 - - eTech Transactions Solutions Inc., announced the development of a new check processing program specifically designed for the gas station/convenience store market. This new programs incorporates check verification, electronic deposit and advanced funds recovery in a manner that makes accepting checks more economical than accepting credit cards.
Through its relationship with Diversified Check Solutions, L.L.C., eTech has integrated its eZVerification and eZCheckNet service with DCS' ACHeck21 electronic deposit system. Under the program a merchant can operate low cost equipment at each of its customer sites that will facilitate the verification of the check, convert the check into an electronic image and generate a transmission to the ACHeck21 Gateway service for electronic deposit. Any returned checks are automatically forwarded to eTech for its eZCheckNet funds recovery.
Michael Murphy, eTech's EVP, stated: "With profit margins so tight for gas stations and convenience stores the rising cost of credit cards transactions have forced such businessess to seek ways to reduce their operating costs - specifically as related to payment processing. This new program from eTech allows the merchant to accept checks with confidence and at considerablly less costs than credit cards."
About eTech Transaction Solutions (www.etechtransactions.com): Now in its 17th year, provides cash flow solutions for business, financial institutions, school districts and a variety of state and local government entities. eTech systems combine sophisticated technology for increasing funds availability with exceptional customer service. Solutions include funds recovery services on returned deposits and simplified Check 21 systems. Annually eTech handles the funds recovery on millions of dollars of returned checks and electronic demand deposit items for its customer throughout the country.
Contact: Michael Murphy, EVP, eTech Transaction Solutions Inc., 1-800-826-8185 or firstname.lastname@example.org