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| Last April, First Data Corporation was acquired by Kohlberg Kravis Roberts & Co. (KKR) for $24 billion. While First Data Corporation was public prior to this acquisition, and owner of a much larger portfolio of merchant accounts, we believe that our service offering at Check21.com offers an intriguing value proposition to business consumers. | ||
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In fact, as the economy has more challenging issues from the credit markets, the desire to process checks as a preferred method of payment will only continue to grow. The Check21.com Check 21 gateway and credit card processing service will assist us in the growing financial processing market and help capture market share away from competitors. In fact, giving more recognition to the resiliency of the financial processing industry, this past March VISA carried out the Market awareness of a Check 21 solution is the only reason that ACH is the currently preferred method of processing check transactions. Check 21 solutions have been unavailable to most consumers in the market until recently. |
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