Bridgeview Payment Solutions Announces Partnership With Global eTelecom for Electronic Check Processing

Business Wire, March 21, 2003

Business Editors

DESTIN, Fla.--(BUSINESS WIRE)--March 21, 2003

Global eTelecom, the national leader in Electronic Check Conversion (ECC) today announced that the corporation has entered into an agreement with Bridgeview Payment Solutions to provide Electronic Check Conversion to Bridgeview Payment Solutions customers by utilizing Global eTelecom's processing engine.

Global eTelecom provides electronic check processing services to agent banks, financial institutions, processors, utility companies, insurance companies and retail merchants and they are viewed as a national leader of electronic check conversion. "A major reason for our success is due to the flexibility of our proprietary engine and we are very excited about this opportunity to provide Bridgeview Bank, as well as their ISO's and Business Partners, with a full turnkey check conversion solution," says Ron Williams, President of Global eTelecom. "Bridgeview's experienced leadership and skilled sales force is an ideal vehicle to market these check programs."

Adds Williams: "Let's face it, check writers like writing checks; unfortunately, due to the risk associated with manually depositing checks, many merchants do not want to accept this growing form of payment. With Global eTelecom's processing engine, these merchants can now accept checks at virtually no risk. And since merchants are already comfortable with the process of accepting credit cards, we designed our system to mirror credit card transactions." "Our software turns the check into an electronic transaction just like a credit card and in most cases, at a significantly reduced cost. After all, check writing is still the number one payment method in the industry. Because of that, electronic check conversion is in huge demand by the ISO community and an optional guarantee program ensures that the merchant will not experience any bad check losses," says Williams.

"We are very pleased to offer our national network of sales professionals the innovative services of Global eTelecom," states Jim Maher, President of Bridgeview Payment Solutions. Adds Maher: "We believe that their proven expertise with Electronic Check Conversion will enable our sales force to open new markets and further strengthen their ties with Bridgeview's existing customers. I expect to see thousands of our customers utilizing this program in 2003."

About Bridgeview Payment Solutions:

Bridgeview Payment Solutions (BPS) is well known nationally as one of the top merchant bankcard processors in the U.S. With corporate offices in Chicago, IL and Tampa, FL, BPS provides credit card processing services for more than 28,000 merchants nationwide.

About Global eTelecom, Inc.:

Global eTelecom owns the first technology for processing checks electronically at the Point of Purchase through the National Automated Clearing House Association (NACHA). Global eTelecom is an active member of NACHA's Electronic Check Council. Global eTelecom's proprietary Electronic Check Services include: Electronic Check Conversion (Point-of-Purchase), Electronic Mail Order / Telephone Order Checks, Encrypted Electronic Internet Checks, Lockbox Conversion (ARC), Electronic Recurring Debit, Electronic Represented Check Collection (RCK), Wireless Encrypted Infrared Checks, Electronic Check Image Capture, and Secure Web Based Check Image Retrieval. Global eTelecom's electronic check services are licensed under U.S. Patents: 5,484,988; 6,164,528; 6,283,366; and 6,354,491. More information on Global eTelecom can be found on the company's website at http://www.globaletelecom.com