Dallas, Dec. 9, 2016 -- The Electronic Clearing House Organization ("ECCHO") today announced that it is exploring possible strategic opportunities. Electronic Check Clearing House Organization
ECCHO (www.eccho.org ), a nationwide bank check clearing house with almost 3,000 depository institution members, is exploring possible strategic opportunities that may be available with other organizations.
"ECCHO has been instrumental in supporting the financial services industry's successful migration from paper checks to electronic check images. We believe that the U.S. payments system is on the threshold of another milestone transformation, due in part to the financial services industry's and Federal Reserve's efforts to develop faster payments and related technological advancements. ECCHO wants to ensure that it is best positioned to continue to support check image exchange and to facilitate the upcoming faster payments innovations. Key objectives for this strategic opportunity include enhancing ECCHO's functions currently provided to its members and the banking industry generally, including its rules, advocacy, educational and check resource functions," said David Walker, President and CEO of ECCHO.
"We are reaching out to a broad array of organizations to determine their interest in possible strategic opportunities with ECCHO, including industry payments rule organizations, industry trade associations, and payment system networks," David Walker added.
For further information or to indicate interest in a strategic opportunity with ECCHO, please contact David Walker, at (214) 273-3201 or 137287@email4pr.com .
About ECCHO
ECCHO is a not-for-profit national check clearing house owned by its almost 3,000 member financial institutions dedicated to promoting electronic check collection and related payment system improvements. ECCHO is recognized across the U.S. as the national provider of private sector check image exchange rules. During 2015, ECCHO member financial institutions used check images to exchange under the ECCHO check clearing house rules approximately 13 billion transactions totaling $20 trillion. See ECCHO's web page at www.eccho.org for more information.
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .
Source: Company press release.
PSCU/Co-op Solutions integrates with Amazon One
US Payments Forum issues Spring Market Snapshot:
Accelerated, inflverse, target creator economy
AU10TIX says it stopped $18B+ in fraud since 2021
Sopra, Paymentology to revolutionize card issuing
Usefull, Transact Campus partner on campus checkout
CBS NorthStar, Datacap team up on payment processing
Icon welcomes Citi execs to its Board of Directors