A Huntington Bancshares unit and AFS & LSC Inc., a payment systems consultant, have formed a company that will offer image-based electronic check exchange to speed up detection of bad checks.

The National Returns Clearinghouse, formed exclusively to help banks handle exception items, is expected to start operating this month. The Huntington unit involved is Huntington Treasury Management Co., the treasury services arm of the Columbus, Ohio-based banking company.

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