DALLAS Beginning in April, the Electronic Check Clearing House Organization said, it will for the first time have its own employees and facilities in Dallas.
For its first 10 years, Eccho, a not-for-profit national clearing house, relied on Dallas-based Carreker Corp., whose CEO Denny Carreker pushed for Ecchos creation and for its facilities, staffing, and administration.
With the passage of time and the maturation of the organization, Eccho has selected this as the time to stand on its own, said William Christensen, chairman of Eccho and executive vice president at Union Bank of California. The latter is one of Ecchos 37 bank members.
Ecchos objective is to develop and promote electronic check presentment.
Its banks are currently exchanging about 1.5 billion checks a year, with a value of roughly $2.3 trillion, through electronic check presentment processes.
