NBDS, Inc. Announces Changes in Service Nomenclature
Blanket of New Branding to Propel Nationwide Name Recognition
FORT WORTH, Texas--(BUSINESS WIRE)--March 9, 2000--In a major push to stifle merchant and consumer confusion in the marketplace, NBDS, Inc. announced today its new focus, consisting of name changes for its current service offerings to fall under an umbrella branding, termed "CHEXpedite(TM) Electronic Payment Solutions."
"We believe this will propel us in a new direction, and consolidate our efforts nationwide to become easily recognizable in the marketplace," stated George Gouffray, Executive Senior Vice President of NBDS. "Our many services will now fall under one general designation, allowing potential customers to associate all our products as a consolidated offering and realize that we are a one-company solution for all their payment processing needs, especially electronic."
The CHEXpedite(TM) Electronic Payment Solutions suite currently includes:
-- CHEXpedite(TM) Automated Payments - includes both paper bank
drafts & electronic funds (ACH) transfers
-- CHEXpedite(TM) Electronic Phone Checks - allows payments to
be taken via telephone and then processed electronically via
the ACH system
-- CHEXpedite(TM) Online Electronic Checks - allows for check
payments via the Internet that are processed electronically
via the ACH system
-- CHEXpedite(TM) Electronic Check Recovery - electronic
recovery of insufficient funds paper checks
Offering a full spectrum of services, NBDS has become one of the leaders in technological advances in the payments industry. They collaborate closely with NACHA's Internet and Check Councils, in addition to participating in strategic partnerships with many industry leaders, including Electronic Clearing House, Inc. (Nasdaq: ECHO) and Unisys (NYSE: UIS).
NBDS, Inc. works through 1,500 local affiliate offices nationwide and through strategic alliances with national processing centers in Texas, New Mexico and California to originate over $4.8 billion dollars in payment transactions annually. NBDS has developed proprietary software and systems to convert paper checks to electronic items at the point-of-sale (retail) and accept online checks via the Internet. In addition, NBDS affiliates provide a full array of cash-flow solutions for business, including electronic returned check re-presentment and accounts receivable check truncation. NBDS is headquartered in Fort Worth, Texas. For more information, please visit the NBDS Website at www.chexpedite.net.
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