WASHINGTON -
Data provided by the National Clearing House, which provides settlements for 608 financial institutions nationwide, show the number of items exchanged for 2006 more than tripled from the previous year to 670 million with a value of $626 billion.
And images settled as a percent of total number of NCHA's overall volume went from less than 1% in 2005 to 27% for 2006. SVPCO-Electronic Clearing Services reported the number of checks exchanged electronically in 2006 through its system surged 15-fold and the dollar value grew five-fold, compared to 2005.