Electronic Clearing House, Inc. (ECHO) has initiated a pilot program that allows merchants to accept multiple forms of payment on one platform. The program, ECHOTERM 2.0, allows ECHO merchants to accept credit and debit cards, as well as accept checks and verify them against National Check Information Services (NCIS).

ECHOTERM also includes address verification services, security code verification (by entering preprinted security numbers the merchant gains chargeback rights and minimizes fraud), and commercial card support, which can lower processing costs for ECHO merchants.

“For the last few months, ECHO has been working on integrating all of the services of ECHO, RMRS, and XpressCheX, Inc., into one platform, and the VeriFone Tranz line of terminals is the first of several terminal types that will operate the new platform,” said Joel M. Barry, CEO. You will remember from previous GS issues that RMRS, a check verification provider, was acquired by ECHO last year.

ECHOTERM 2.0 is available to all new merchants. Additionally, ECHO is launching a direct marketing and in house cross-selling program to encourage existing ECHO merchants to install the new software and add the new services.

For additional information e-mail corp@echo-inc.com or visit them on the Web at www.echo-inc.com.

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