Thursday February 17, 9:06 am Eastern Time
Company Press Release
Electronic Clearing House Receives Top Processor Award for 1999 From Novus ``Discover Card' Network Services
AGOURA HILLS, Calif.--(BUSINESS WIRE)--Feb. 17, 2000--Electronic Clearing House Inc. (NASDAQ:ECHO - news) announced that Novus Network Services, the service that promotes and supports the Discover Card credit card, has recognized ECHO with its annual Quality Service Award in honor of achieving the highest ranking in Processor Category C for 1999.
The award was based upon statistical data collected throughout the year by Novus relating to such criteria as reliable file transmissions, submission timeliness, number of processing rejects, number of balancing errors, etc. The award will be presented to ECHO at a special Awards Dinner on March 14, 2000.
``This award can be credited to the performance quality of ECHO's Data Center Operations and Data Management departments. If either of these two departments had not maintained the highest commitment to merchant service, ECHO would not have out-performed some very capable and quality competitors to receive this distinction,' stated Joel M. Barry, CEO of ECHO. ``We think Novus is unique among card organizations in the way they track, highlight and honor their processors and we greatly appreciate their commitment to acknowledging quality.'
ECHO previously won the top processor award in 1996.
About ECHO: Electronic Clearing House Inc. provides credit card processing, cash advance services, check guarantee, check verification, check conversion, inventory tracking and/or various Internet services to over 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, you are 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. |
