ECHO Press Releases

FOR IMMEDIATE RELEASE

ELECTRONIC CLEARING HOUSE, Inc. (ECHO) and eFunds Subsidiary Sign Strategic Agreement

Scottsdale, Ariz., April 2, 2003 - eFunds Corporation (Nasdaq: EFDS), a leading provider of electronic payments, risk management and business process outsourcing solutions, today announced a strategic reseller agreement between its wholly-owned subsidiary Deposit Payment Protection Services, Inc., and ECHO (Nasdaq: ECHO), a leading provider of electronic payment and transaction processing services. Under the agreement, ECHO will offer the SCAN OnLine(SM) service in conjunction with their extended services, providing customers with a seamless check management system across both paper and electronic transactions.

The agreement effectively combines the technology and data of two of the nation's leading check management service providers into a powerful solution for retailers. Through ECHO's expertise in electronic check and check collection services, and eFunds' leading check verification and SCAN OnLine(SM) risk scoring services, retailers can drastically reduce their losses from the dishonored checks they receive.

"ECHO customers demand the maximum in loss protection and check processing services for their businesses," said Arnold Feinberg, vice president of sales for Check Services, ECHO. "Working with eFunds is a win-win situation for both companies as our products perfectly complement one another. Our customers have access to leading check authorization technology, information and services delivered by names they trust, the SCAN OnLine(SM) service and ECHO."

"ECHO's continued growth in the merchant processing industry and their commitment to high-quality services for their customers, makes them an ideal reseller for the SCAN OnLine(SM) service," says Rahul Gupta, senior vice president and division executive, eFunds risk management solutions. "Through our agreement with ECHO, our SCAN OnLine(SM) service will increase in market presence and be integrated into an established, full-service solution for the end user. Additionally, as more retailers contribute information to the system database through this market expansion, it improves the quality of our data, providing our customers with the information they need to make better check acceptance decisions."

About eFunds

Headquartered in Scottsdale, Ariz., eFunds Corporation (Nasdaq: EFDS) is an industry leader with nearly 30 years of experience and expertise in electronic payments. eFunds provides electronic transaction processing, ATM solutions, risk management, professional and outsourcing services to financial institutions, electronic funds transfer networks, government agencies and retailers around the world.

Committed to providing excellent customer service and award-winning products, eFunds enables their clients to reduce transaction and infrastructure costs, detect potential fraud and enhance relationships with customers. eFunds is one of the largest third-party processors of EFT, is the largest non-bank deployer of ATMs in North America, and is the provider of the world's largest debit database. www.efunds.com .

Statements made in this release concerning the Company's or management's intentions, expectations, or predictions about future results or events are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are necessarily subject to risks and uncertainties that could cause actual results to vary from stated expectations, and such variations could be material and adverse. Factors that could result in such a variation include, but are not limited to, the inherent unreliability of earnings and revenue growth predictions due to numerous factors, including many beyond the Company's control, potential difficulties, delays and unanticipated expenses inherent in the development and marketing of new products and services, competitive factors, and the numerous risks and potential additional costs, disruptions and delays associated with the establishment of new business initiatives. Additional information concerning these and other factors that could cause actual results to differ materially from the Company's current expectations is contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2002.

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