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ECHO
Press Releases 2004
FOR IMMEDIATE RELEASE
First National Merchant Solutions
Confirms Processing Extension
Camarillo, Calif., December 21, 2004 -
Electronic Clearing House, Inc. (Nasdaq: ECHO), a
leading provider of electronic payment and transaction processing
services, announced today that it
received confirmation from First National Merchant Solutions ("First
National"), a wholly-owned subsidiary of First National Bank of
Omaha, that ECHO's processing contract under the Visa POS Check
program has been renewed through December 2005.
First National provides check
processing for national as well as regional retail merchants and,
most notably, First National processes for the largest retailer
currently on the Visa POS Check service. "ECHO is proud
to support check authorization, funds settlement and active
collection for merchants using First National," stated Steve
Hoofring, Vice President of ECHO. "We focus on providing
the key check services that maximize merchant value by minimizing
check losses."
First National first contracted with ECHO
to process Visa POS Check activity in December of 2002. "This
new agreement confirms the ongoing commitment of First National to
continue to rely on ECHO throughout the coming year as we add
new merchants to the overall service we call CompletePay®,"
stated Matt Minchow, Senior Vice President of Business Development
of First National. "ECHO has proven to us over the past
two years that they are committed to operating a world class check
processing system in terms of performance, customer service and
collection."
About First National Merchant
Solutions
First National Merchant Solutions is
a wholly-owned subsidiary of First National Bank of Omaha. First
National Merchant Solutions is a customer service driven payment
processor with over 50 years of experience in payment processing
solutions. For more information, visit their web site at www.fnms.com.
About Electronic Clearing House, Inc.
(ECHO)
ECHO (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, and check
collection.
Safe Harbor Statement Under the
Private Securities Litigation Reform Act of 1995: Any statements set
forth above that are not historical facts are 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.
Contact:
Electronic Clearing House, Inc.
Donna Rehman, 805-419-8533
corp@ECHO-inc.com
http://www.echo-inc.com
or
Coffin Communications Group
Crocker Coulson, 818-789-0100
crocker.coulson@coffincg.com
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