Create-a-check Online
Full-featured, online MICR laser check printing software is now available for demonstration and purchase from Create-A-Check Business Solutions. The low-end accounting and check writing product is available as a free download for testing, and then can be activated via the Web.
While Create-A-Check specializes in customer solutions for users of all finance and accounting packages, Create-A-Check's LE interface is targeted at businesses using QuickBooks, Peachtree or Quicken accounting packages. "By bundling a highly secure check writing and payment management package with our trademarked security features, and making it available via our Web site, we are able to offer our businesses the ease and convenience of purchasing specialized software, without compromising quality or service, a true technological breakthrough," said Director of Product Management Gregg Sheppard. To check out the product visit www.createacheck.com/LE.
Create-A-Check Business Solutions, founded in 1991, is headquartered in Salt Lake City, Utah. Create-A-Check provides laser check printing and payment management solutions for businesses in the U.S. and 15 other countries. ECHO Check Revenue up 272%
Electronic Clearing House (ECHO) reported fiscal 2001 first quarter net earnings of $22,000, as compared to a net loss of $19,000 for the same period last year.
Total revenue for the quarter increased 12.5% and total processing and transaction revenue increased 11.2%. This rise reflects the increase in the check-related revenue as the company continues to deploy additional check products, such as ECHOTERM 3200 to the retail market, and the "check by phone" and "RCK" services marketed directly to collection agencies. Terminal sales decreased from $108,000 in fiscal 2000 to $98,000 in fiscal 2001, a 9.3% decrease.
"We are pleased to report that our check-related revenue continues to grow at a much higher rate than the bankcard revenue," stated Alice Cheung, CFO of ECHO. "Bankcard processing and transaction revenue increased 1.4% year-over-year while the check-related revenue increased by 272.0%. This was primarily the result of the Rocky Mountain Retail Systems acquisition completed in January 2000. Additionally, we have fully integrated the check services with our bankcard services so we are now marketing them together," Cheung continues. "As we continue to deploy our new check services, we expect our gross margins to improve."
Electronic Clearing House, Inc., provides credit card processing, check guarantee, check verification, check conversion, inventory tracking and/or various Internet services to over 58,000 merchants. For more information visit www.echo.com.
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© 2001, The Green Sheet, Inc.
