Check out ECHO- e-commerce play with earnings
www.echo-inc.com
here's some... (oh, and the annual meeting is later today)
ECHO's Internet settlement services include direct acceptance of transactions over the
Internet from a customer, a merchant or
an Internet Service Provider (ISP) who serves many merchants. ECHO was one of the
first and still one of the few processors
who can directly and confidently accept Internet-based credit card transactions and
electronically settle all funds distribution for
both the customer and merchant without any active involvement by the merchant.
ECHO's Internet suite of products includes fulfillment monitoring and the ECHOlink
service which allows a merchant to access
and respond to all transaction activity, including chargeback and retrieval requests, using
the Internet.
ECHO is also a system design specialist and develops software and proprietary hardware
for major accounts who wish to
automate their transaction processing activities. In addition to its own transaction
processing systems, ECHO has designed
transaction processing systems for American Express (money order issuance and tracking
applications), U-Haul International
(inventory and dealer payment tracking applications) and the United States Postal Service
(money order issuance and daily
accounting tracking systems).
''Our growth in earnings can be directly attributed to ECHO's proven ability to design,
integrate, manage and sell services
based on point-of-sale, Internet, and host-based financial transaction processing
systems,'' stated Joel Barry, CEO of ECHO,
''and we believe ECHO's growing technical capabilities in these areas gives ECHO a
distinctive advantage over other less
technical processors.''
Electronic Clearing House provides credit card processing, check guarantee, inventory
tracking services and various Internet
services to more than 17,000 retail merchants and U-Haul dealers across the nation.
Through its subsidiary, Computer Based
Controls, ECHO designs, develops and manufactures software and point-of-sale
hardware that is utilized as credit card
processing terminals, automated money order dispensers, utility bill payment systems, and
inventory tracking devices.
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