Under the terms of the deal, Alliance Payment Systems will provide its own funding guarantee to merchants, while making use of GETIs transaction processing technology. GETI will provide processing for POS check conversion and Check 21 remote deposit capture transactions.
GETI provides proprietary electronic Check processing and Gift/Loyalty services to more than 55,000 merchants nationwide. GETIs products are marketed via sales channels of banks, independent sales offices and credit card processors.
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