California Bankers Clearing House has invested $250,000 in Primary Payment Systems Inc., a fledgling company aimed at thwarting check fraud.

Primary Payment, a Scottsdale, Ariz., affiliate of the Star System automated teller machine network, is trying to establish electronic coverage of the nation's 200 million or so checking accounts.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.