Endpoint Exchange to Adopt ECCHO Rules
Metavante Corp. last week announced that The Endpoint Exchange Network has endorsed and will adopt the check image exchange rules established by the Electronic Check Clearing House Organization (ECCHO).
The rules facilitate the transition to a more efficient check payment system and every depository institution is eligible for membership in ECCHO, Metavante said, noting that ECCHO is recognized 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.
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.
For info: www.eccho.org, www.endpointexchange.com, www.metavante.com