Agoura Hills Calif., August 29, 2002 –

Electronic Clearing House, Inc. (NASDAQ:ECHO) a leading provider of electronic payment services, today announced the appointment of Alex J. Seltzer as Chief Operating Officer and Chief Information Officer.  Seltzer will oversee all of ECHO’s operations and information technology activities.  

“We are delighted that Alex has accepted the COO/CIO position at ECHO,” said Joel M. Barry, Chairman and CEO of Electronic Clearing House. “In addition to his enthusiastic leadership style, his technical background includes many years in designing and operating authorization and settlement systems, developing internet-based applications, and overseeing data center operations exhibiting the highest levels of security, availability, and transactional integrity.  Under Alex’s leadership, I expect the strong technology foundation that ECHO has built and operates today will become even stronger and I think Alex’s expertise and dedication will assist us greatly in achieving our growth objectives.” 

Beginning in 1991, Seltzer spent 11 years as the CIO of Online Resources Corporation in McLean, VA., a firm currently serving over 540 banks – providing outsourced online banking and bill payment services to the banks’ retail and small business customers.  Seltzer, a co-founder of Online Resources, established, grew, and led all technology and product efforts. 

Since leaving Online Resources in 2001, Seltzer served as a technology and strategic consultant to clients including the U.S. National Security Agency and several large corporations.  His previous experience includes over 14 years in systems design, telecommunications, and strategic consulting. 

Seltzer holds a BS in Applied Math and Computer Science from the Massachusetts Institute of Technology (MIT) and an MBA from the Stanford Graduate School of Business.

About ECHO:

Electronic Clearing House, Inc. (www.echo-inc.com) provides a complete solution to the payment processing needs of merchants, banks and collection agencies. ECHO’s services include debit and credit card processing, check guarantee, check verification, check conversion, check re-presentment, check collection, and inventory tracking.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts re forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, such factors as fluctuations in demand for the Company’s products and services, the introduction of new products and services, the Company’s ability to maintain customer and strategic business relationships, technological advancements, impact of competitive products and services and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information detailed from time to time in the Company’s filings with the United States Securities and Exchange Commission.

Investor Contacts:

Donna Rehman, Corporate Secretary 
Electronic Clearing House, Inc.
818-706-8999, ext. 3033 
Agoura Hills, Calif. 
E-MAIL: corp@ECHO-inc.com
URL: http://www.ECHO-inc.com

Crocker Coulson, Partner
Coffin Communications Group
818-789-0100
E-MAIL: crocker.coulson@coffincg.com

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

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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