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eTech and DCS Announce Mutual Distribution Agreement (August 2008)

CEDAR RAPIDS, IOWA and ST. LOUIS, MISSOURI, - - eTech Transactions Solutions Inc., and Diversified Check Solutions, Inc. announced that the two firms have entered into a mutual distribution agreement that provides for both companies to market and deliver the payment solutions of either firm.

 

 "DCS software leads the electronic payments industry with its functionality, accuracy and ease-of-use," said Frank Easton, eTech's CEO. "By adding DCS?s ACHeck21 software we will now be able to provide payment solutions that manage a payment transaction at all stages; origination capture, electronic submission and funds recovery. "

 

Sam Ackley, DCS' Managing Partner, added, "eTech is an outstanding check verification and funds recovery company. We are excited to be working with them to offer enhanced services to our customers."

 

 The plan for distributing the DCS software focuses on bringing ACHeck 21 technology to the desktop of corporations and institutions in an affordable implementation that provides for payment imaging, simplified online reconciliation and the ability to deposit payments electronically. The software utilizes advanced intelligent recognition algorithms that ensure accuracy well beyond industry standards. Applications of the solution include merchant capture, financial institution teller and check processing, and accounts receivable payments management for corporations.

 

The distribution by DCS of eTech's eZCheckNet service delivers check verification and funds recovery as the components that complete the loop of check management for merchants and other entities using the ACHeck21 system.

 

About eTech Transaction Solutions

Now in its 17th year, eTech Transaction Solutions, Inc. (http://www.etechtransactions.com) 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. eTech's latest solution provides financial institutions with an out-sourced funds recovery program that is easily incorporated into the financial institution's item processing. Contact: Frank Easton, CEO, eTech Transaction Solution, 1-800-826-8185 or Easton@etechtransactions.com

 

About Diversified Check Solutions

Headquartered in Lake St. Louis, Mo., Diversified Check Solutions is a leading provider of financial services technology solutions. We have made it our mission to create, deliver and support quality financial software solutions that provide our customers with all-encompassing tools for success. ACHeck21 is our best-of-breed comprehensive and scalable remote deposit/remote capture software solution that follows an intelligent business workflow and provides a variety of solutions to fit a variety of needs and implementations. Contact: O. Sam Ackley, Managing Partner, 1-866-632-5415 or sackley@diversifiedchecksolutions.com.

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