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biz.yahoo.com
Monday February 14, 8:54 am Eastern Time
Company Press Release
National Bank Drafting Systems to Promote ECHO Credit Card Services
AGOURA HILLS, Calif.--(BUSINESS WIRE)--Feb. 14, 2000--Electronic Clearing House Inc. (Nasdaq:ECHO - news)
announced the expansion of an agreement with National Bank Drafting Systems Inc. (NBDS) to include the full set of ECHO credit card services.
These services include:
ECHONLINE and ECHONET -- ECHO's two Internet-based processing services
- ECHOTERM -- ECHO's point-of-sale terminal-based services - ECHOWARE -- ECHO's PC-based processing services - ECHOFAXPAY -- ECHO's
fax-based processing service - ECHOTEL -- ECHO's telephone-based processing service
In October, 1999, ECHO and NBDS signed a five-year agreement for ECHO to develop and process online check services for NBDS. This agreement has been
expanded to include the credit card services offered by ECHO. In December, 1999, ECHO and NBDS announced the first check product developed under the
agreement, CHEXpedite, a fully Internet-based check processing service.
NBDS, a sales and marketing organization, is composed of more than 1,700 licensed affiliates nationwide.
''After working closely with the NBDS management team for several months, I continue to be impressed by their enthusiasm and commitment to their customers and
their licensees,'' stated Dave Griffin, vice president of ECHO. ''We are truly honored to have such a motivated and competent sales team taking ECHO's credit card
services to the street,'' stated Griffin.
About ECHO
Electronic Clearing House provides credit card processing, cash advance services, check guarantee, check verification, check conversion, inventory tracking and/or
various Internet services to more than 41,000 retail merchants, U-Haul dealers and casinos across the nation.
ECHO also designs, develops and integrates software and point-of-sale hardware that is utilized as credit card processing terminals, automated money order
dispensers, inventory tracking devices, and casino cash advance systems.
To take advantage of the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995, the reader is hereby cautioned that this release contains
forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Actual operations and results may differ
materially from those expressed in the forward-looking statements made by the company.
Contact:
Electronic Clearing House Inc., Agoura Hills
Donna Camras-Rehman, 818/706-8999, ext. 3033
corp@echo-inc.com
echo-inc.com |
