Electronic Check Exchange Seeks NewEndpoint
OKLAHOMA CITY, Okla. - (06/05/06) Endpoint Exchange, one of fourfledgling national check networks, said last week it plans to linkup with SVPCO, a competing network owned by large banks, as soon asAugust. The checks and image-replacement documents will be settledthrough the National Clearing House Association, a unit of EndpointExchange. Endpoint, which is owned by Marshall & IlsleysMetavante unit, hooked up late last year with Viewpointe ArchivesServices, another competing check network owned by some of the samebanking giants. SVPCO is owned by a dozen large banks, includingBank of America, JP Morgan Chase and U.S. Bancorp., whileViewpointe is owned by BofA, JP Morgan Chase, SunTrust, U.S.Bancorp and IBM.