Minnesota Network Goes Online With CheckExchange

August 31, 2005, 1:00 a.m. EDT 1 Min Read

OKLAHOMA CITY - (08/31/05) -- Endpoint Exchange said it hasbrought 81 Minnesota credit unions, owner/members of the MinnesotaItem Processing Corp. CUSO, online with its fledgling nationalelectronic check exchange. The Minnesota Item Processing Corp.processed more than 50 million items for its 100 credit unionmembers last year. Endpoint Exchange which is owned by Marshall& Ilsley Corp.'s Metavante, is one of three private-sectornetworks vying to become the major national outlet for electroniccheck and item processing. The others are Fiserv's network and TheClearing House Payments Co., which is owned by several largebanks.

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