ECHO Press Releases

FOR IMMEDIATE RELEASE

ELECTRONIC CLEARING HOUSE, Inc. (ECHO)
Announces the Appointment of Sharat Shankar 
as Vice President of Risk Management

Agoura Hills, Calif., June 19, 2003 - Electronic Clearing House, Inc. (Nasdaq: ECHO), a leading provider of electronic payment and transaction processing services, today announced the appointment of Mr. Sharat Shankar as Vice President of Risk Management and Business Intelligence, a new position on the Executive Committee. Mr. Shankar will report directly to the CEO.

Prior to joining ECHO, Mr. Shankar was a Vice President at First Data's TeleCheck International Inc. subsidiary, where he was responsible for business analytics, operations support and risk management on a multi-billion dollar transaction portfolio. He brings to ECHO nearly a decade of diverse functional experience in marketing, operations, customer retention, financial analysis and risk management. An industry expert in risk management, Mr. Shankar has held a variety of progressively notable positions and is also the inventor of multiple patent pending processes.

Joel Barry, Chairman and CEO of ECHO, said, "Sharat has an impressive track record for creating and delivering innovative risk management solutions for national retailers, small businesses and electronic commerce providers and his expertise will serve the company well as we work to increase profitability, reduce risk and enhance our risk management systems."

About Electronic Clearing House, Inc. (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