Electronic Check Exchange Seeks NewEndpoint

Register now

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 & Ilsley’sMetavante 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.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER