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Article: LML and SafeCHECK Partner to Add Real-Time Verification and Real-Time Account Debiting to LML'S Suite of Electronic Check Processing Services; LML Agrees to Act as SafeCHECK's Preferred Merchant Service Provider.
- Article from:
- PR Newswire
- Article date:
- November 11, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK and VANCOUVER, British Columbia -- The SafeCHECK Company L.L.C. ("SafeCHECK") and LML Payment Systems Inc. (the "Corporation") jointly announce that the Corporation's subsidiary LML Payment Systems Corp., a leading check processing company, will partner with SafeCHECK to offer real-time on-line check verification and check conversion services to retailers and other LML clients.
"For years, check verification services have primarily relied upon the validity and reliability of historical checkwriter information and, as a result, have remained susceptible to certain types of fraud. On-line account verification which immediately allows us to know that the ...