ECHO Appoints Richard Field as Board Member

Richard Field has been appointed a member of Electronic Clearing Houses (ECHO) Board of Directors.Mr. Field brings to ECHO more than 35 years of experience in the financial services industry as an executive for The Bank of New York, Chase and Citigroup. In 1997, Mr. Field retired from The Bank of New York ("BONY"), where he had created a centralized marketing division and worked his way up over 19 years to Executive Vice President in charge of Retail Banking, subsequently joining BONYs Management Committee as Senior Executive Vice President. During his tenure at BONY, the Bank grew from a mid-sized regional player to one of the nation’s premier performers in terms of earnings growth, market capitalization and expense efficiency. Under Mr. Fields direction, BONYs branch network expanded to become the largest in suburban New York. Since retiring, Mr. Field was a founding director of LendingTree, an innovative and successful lending and realty services exchange, which allows consumers to receive competitive loan offers over the Internet. In addition, in 2002, Mr. Field joined the boards of Providian Financial Corporation and HSPC, the latter of which was sold to General Electric in January of 2004.