Courtesy of GJJ:
3COM Massachusetts Call Center Approves ECHONET Service
Business Editors
AGOURA HILLS, Calif.--(BUSINESS WIRE)--May 23, 2000--Electronic
Clearing House, Inc. (Nasdaq:ECHO) announced the Marlborough,
Massachusetts call center of 3COM (Nasdaq:COMS) has been piloting the
use of the company's Internet-based ECHONET service under a processing
agreement signed in January 2000.
After 100 days of testing and use, 3Com has informed ECHO that it
is pleased with the ECHONET product and is now considering the
expansion of the ECHONET program to other 3COM call centers around the
nation. 3COM, based in Santa Clara, Calif., is a solutions and
technology firm enabling individuals and organizations worldwide to
stay connected by communicating and sharing information.
The ECHONET service is a browser-based interface to ECHO's Web
site which allows merchants to access a full suite of Internet
transactions which include deposits, credits, credit card
authorizations and address verification. 3COM utilizes ECHONET in
processing credit card authorizations for returned equipment to its
call centers.
"Working with a global company such as 3COM provides ECHO with
some very exciting opportunities and we're looking forward to a long
and profitable relationship," stated Jack Wilson, Vice President of
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.
--30--KB/la* RS/la
CONTACT: Electronic Clearing House Inc., Agoura Hills
Donna Camras-Rehman, 818/706-8999 Ext. 3033
URL:http://www.echo-inc.com
E-MAIL: corp@echo-inc.com
KEYWORD: CALIFORNIA MASSACHUSETTS
INDUSTRY KEYWORD: BANKING E-COMMERCE ELECTRONIC GAMES/MULTIMEDIA
SOFTWARE MARKETING AGREEMENTS PRODUCT
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