GlobeTel Communications Launches Travelex Money Remittance Service
FORT LAUDERDALE, Fla., Apr 17, 2006 (BUSINESS WIRE) -- GlobeTel Communications Corp. announced that it has launched its money remittance service program offered in conjunction with Travelex Currency Services, Inc., as previously planned. GlobeTel's technology has been deployed to enable remittance functions through Fidelity Express, a national leader in money order generation and walk-in bill payment solutions with a growing merchant base of more than 5,000 locations in 22 states. Fidelity Express accepts payments through authorized retailers, primarily supermarkets and convenience stores, on behalf of utility companies such as Reliant Energy, TXU, Verizon, Atmos Energy, Westar Energy, Alabama Gas Company, Centerpoint Energy, Garland Power and Light, AquaSource, Northland Cable TV, Vycera Communications; municipalities such as City of Lake Worth, FL, City of Lakeland, FL, City of Atlanta, GA, City of Dallas Water; and government services such as Texas Child Support. "Fidelity Express' locations provide an excellent built-in money transfer agent network for our state-of-the-art technology, which is part of the Travelex Money Transfer program," stated Timothy Huff, CEO of GlobeTel. "The rollout of our remittance technology helps Fidelity Express retain its leadership position in this fast-growing segment of commerce. Creating a one-stop shopping experience for our customers is consistent with the GlobeTel mission of providing unmatched expediency and convenience for anyone, anywhere at any time. This consistency follows through from our communications platforms and delivery systems to our remittance technologies." Pat Odom, Division Manager of Fidelity Express, added, "Offering money remittance adds a product to our services that exactly meets the needs of many of our current customers and will attract many new customers to Fidelity Express locations, further increasing customer traffic and generating additional revenue for our retailers. Money orders, in-person bill payment and other Point Of Sale financial services offer a valuable service to consumers, while at the same time help to increase customer traffic and generate additional revenue for our retailers. Industry reports indicate that at least 20 percent of the U.S. population pays its bills in person in retail locations around the country. One of our payment location providers, the second largest supermarket chain in North America, reports 66 percent of all people who come into its stores to pay their bills buy something." About Fidelity Express Fidelity Express is a full-service financial services company that was established in 1988 to fill the void in service to the independent merchant. Fidelity Express is a division of GSC Enterprises, Inc., a 59-year-old grocery wholesale distributor with over 1200 employees and is the 5th largest convenience store distributor in the country with annual revenues in excess of $1 billion. Fidelity Express, headquartered in Sulphur Springs, Texas, is one of the top five money order companies in the nation processing over $2.5 billion in money orders annually and a leader of walk-in bill payment service providers. Fidelity Express provides walk-in payment solutions for over 50 companies made up of primarily utilities and electric cooperatives. For more information on Fidelity Express, please visit http://www.fidelityexpress.com
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