PointSpeed's Business Purchasing Centers to Offer BankServ e-Checks As New Payment Method For Small Businesses

Business Wire, August 11, 2000

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About BankServ

Founded in 1996 by CEO Dave Kvederis, BankServ is one of the country's leading providers of payment solutions for online businesses, retailers and financial services companies. The company's Internet payments unit offers electronic check, ACH funds transfer and global wire transfer services for Internet businesses, built on the backbone of BankServ's proprietary ACH-based check data-capture and Fedwire-based automated wire transfer processing systems. The Internet division also offers a full suite of reporting and settlement applications for both business-to-business exchanges and consumer-to-business payments. The company's wire transfer unit processes $1 billion a day in global and domestic wire transfers on behalf of more than 100 U.S. financial institutions. BankServ's check services unit provides electronic check conversion and information reporting services for U.S. retailers and financial institutions. Headquartered in San Francisco, BankServ also maintains offices in Atlanta; Boise, Idaho; Chicago; Dallas; Lafayette, La.; Las Vegas; and New York. More information about BankServ can be found online at www.bankserv.com.