| ECHO
Press Releases 2007
FOR IMMEDIATE RELEASE
Solupay and ECHO to Offer New Grocery Electronic Check
Conversion Payment Solution for Merchants
Camarillo, Calif., May 14,
2007 -
Electronic Clearing House, Inc. (Nasdaq: ECHO), a leading provider of
electronic payment and transaction processing
services,
today announced that Solupay and Electronic Clearing House, Inc. (ECHO)
have teamed up to offer new grocery check conversion payment
solutions for merchants.
Grocery store chains that use the IBM
ACE POS system, such as Seattle-based Saar's, now enjoy greater
payment choices with the Solupay Processing Systems integration of
electronic check conversion services provided by ECHO.
Solupay's first IBM Ace installation links Saar's POS system to
ECHO's electronic check conversion payment gateway.
"ECHO is pleased to partner
with a great organization like Solupay to provide an integrated
payment solution for Saar's electronic check processing. Our
relationship with Solupay affirms our strategy of choosing
technology partners who can effectively promote payment solutions
into our target markets," explained Chuck Harris, ECHO
President and Chief Operating Officer. "Solupay has been
instrumental in the adoption of our payment solutions by
supermarkets, convenience stores, and retail businesses nationwide,
linking our payment options for these industries using a wider
variety of POS software applications."
Kelley Hunter, Director of Store
Support at Saar's, explains their choice of the Solupay/ECHO
team with conviction: "We chose the Solupay/ECHO team because
of their abilities to integrate our IBM ACE POS system, their
excellent positive and negative check database, and their ability to
collect those few returned items. We estimate a six figure savings
in annualized check losses, store labor, and bank fees. We would
recommend their services to any merchant that wants to streamline
their check acceptance procedures and reduce the costs of accepting
paper checks."
"Together Solupay and Saar's
determined their per-check expense was one of their most expensive
payment types," according to Tom Behringer, Managing Partner at
Solupay. "After the installation of the ECC product, Saar's is now
accepting ECC as one of its lowest cost forms of payment, while
expediting the check-out lane for better customer service. Moving
from paper to electronic check acceptance was the key."
ECHO and Solupay have
partnered together for over two years and are in the process of
integrating additional solutions for mutual clients.
About Solupay Processing Systems
Solupay Processing Systems (www.solupay.com)
is a leading provider of integrated credit, debit, gift and
electronic check conversion processing solutions. Solupay
specializes in the integration, marketing and servicing of
electronic check conversion (ECC) and verification, credit, debit,
EBT and gift/loyalty processing solutions at the Point-of-Sale for
supermarkets, liquor stores, convenience stores and various types of
retailers.
About Saar's
Headquartered in Oak Harbor, WA,
Saar's is a privately held, full-service grocery store chain with 11
locations in the State of Washington.
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 merchant accounts, debit and credit card processing, check guarantee, check
verification, check conversion, check re-presentment, and check
collection.
Contact:
Electronic Clearing House, Inc.
Donna Rehman, 805-419-8533
E-mail: drehman@echo-inc.com
or
The Abernathy MacGregor Group, Inc.
Moira Conlon, 213-630-6550
E-mail: MHC@abmac.com
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