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ECHO Press Releases

FOR IMMEDIATE RELEASE
March 27, 2001

CHECKAGAIN ADDS ECHO'S NCIS DATABASE TO  SERVICE

Agoura Hills, Calif.-- Electronic Clearing House, Inc. (NASDAQ:ECHO) announced that CheckAGAIN, a Virginia-based provider of electronic check processing solutions with web-based reporting, has expanded its check authorization offerings to include access to ECHO's National Check Information Services (NCIS), one of the nation's largest and most cost-effective check verification databases. ECHO provides check verification services to large retail chains, processors and collection agencies across the nation and over the past six years, has built the NCIS database identified as the sixth largest check verification database in the country in 2000 in The Nilson Report.

  "The NCIS database holds over 12 million records of bad checks and over 40 million positive checking account records.  With CheckAGAIN as a new contribu tor and user of NCIS, we expect the value of NCIS to increase significantly", stated Don Dick, President of ECHO's Boulder-based subsidiary.

About CheckAGAIN:  CheckAGAIN's mission is to use innovative technologies to simplify the recovery process on returned checks for both merchants and customers.  The CheckAGAIN system is helping merchants nationwide recover more of the funds lost to check returns, while lowering the fees and costs involved.  CheckAGAIN is also assisting customers by significantly reducing the hassle involved in clearing up misunderstandings due to check bounces.

CheckAGAIN is a privately held company with headquarters in the heart of the Northern Virginia high-tech corridor in Herndon, Virginia. An online tour of CheckAGAIN's services is available at www.checkagain.com. 

Electronic Clearing House, Inc. provides debit and credit card processing, check guarantee, check verification, check conversion, and inventory tracking to over 58,000 retail merchants and U-Haul dealers across the nation. 

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.

Media Contact:
Donna Rehman, Corporate Secretary
(818) 706-8999, ext. 3033 or corp@echo-inc.com

Press Releases are also available by calling (800) 233-0406 ext. 3033, or by email to corp@echo-inc.com

2001
2000

Electronic Clearing House, Inc. (ECHO)
28001 Dorothy Drive
Agoura Hills, CA 91301

Phone: (800) 233-0406
Fax: (818) 991-5973
E-Mail: echo@echo-inc.com
URL: http://www.echo-inc.com

 
 

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