The diminished importance of the UCC contrasts with the increased significance of private rules from industry bodies--such as check-image-exchange rules from ECCHO
is a not-for-profit national clearinghouse that is owned by its member banks.
Improvements in the check system have changed the characteristics and processing requirements of checks while greatly increasing the efficiency of the check payments system and enabling huge industry savings," said David Walker, ECCHO
On October 3rd, ECCHO
will also host a Check Payments Workshop at the Orbograph User Conference.
We are excited to be able to demonstrate our commitment to helping our members reduce payments system risk by becoming a Sponsoring Organization of ECCHO
," said Norman Robinson, AAP, CTP, President and CEO of EastPay.
Senior Vice President Phyllis Meyerson
Software Earnings, a leading developer of check and image processing technologies and services for the financial industry, announced the company has become a Sponsoring Organization of ECCHO
, the Electronic Check Clearing House Organization, which created and maintains rules that govern private sector check image exchange for its members.
com; or David Walker, President and CEO of ECCHO
, +1-214-273-3201, dwalker@eccho.
Institutions participating in the Check ACH coalition include Bank of America, JPMorgan Chase, Wells Fargo & Company, Zions Bank, ECCHO
, and the Federal Reserve Bank.
Institutions that previously exchanged checks based on multiple regional rules are now automatically allowed to exchange checks with institutions in any region through ECCHO
MINNEAPOLIS -- Solutran also announces support for ECCHO
image exchange processing rule set
In the coming year the Check Clearing for the 21st Century Act (Check 21) will dramatically affect the way our industry exchanges checks for payment," says Stan Eckenberg, CSI's Executive Vice President, "and it is clear that ECCHO
is leading the way in setting the rules for this new environment.