ECCHO to Provide Rules for the Endpoint Exchange Network

Tuesday 29 March 2005 10:21 CET | News

The Endpoint Exchange Network has endorsed and will adopt the check image exchange rules established by the Electronic Check Clearing House Organization (ECCHO).

ECCHO took the lead in representing the industrys interests in the creation and implementation of a comprehensive set of image exchange rules. These rules facilitate the transition to a more efficient check payment system and every depository institution is eligible for membership in ECCHO. ECCHO is recognized and is supported as the national provider of clearing house rules for electronic check presentment and check image exchange by leading financial services trade associations, clearing houses, and data processors. With this announcement, more than 4,000 Endpoint Exchange Network member institutions will be eligible to exchange checks under the ECCHO rule set in accordance with the sponsorship agreement. Endpoint Exchange Network member institutions can leverage ECCHO membership to insure collection and settlement of electronic cash letters is controlled by a single, standard, national rule set.

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Categories: Payments & Commerce | Payments General
Countries: World
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