A Sure Thing
XpressCheX, Inc., a wholly-owned check processing subsidiary of Electronic Clearing House (ECHO), has formed an agreement with SureFire Commerce, Inc., to offer check processing services. SureFire is a global provider of secure online transaction processing services and online merchant e-commerce solutions.
SureFire will offer check verification and electronic processing of online checks to its U.S. merchants. The check transaction will be routed via a secure connection from the merchant’s Web site to Rocky Mountain Retail Systems (RMRS), an ECHO subsidiary in Boulder, CO. At RMRS the check writer’s account information will be verified through ECHO’s National Check Information Services (NCIS) database. Transactions that pass the NCIS verification will be captured at RMRS and routed to XpressCheX to perform the electronic submission and online tracking of the transactions through the Federal Reserve’s ACH for settlement. “SureFire Commerce is the first large payment processor to offer Internet checks as a payment option,” said Arnold Feinberg, Vice President of RMRS.
Electronic Check Clearing House is an electronics payment provider that provides credit and debit card processing; check guarantee, verification, conversion, and collection services; and inventory tracking to more than 58,000 merchants. For more information visit www.echo-inc.com.
SureFire Commerce, Inc., is a global B2B provider of proprietary solutions. The company expects to process in excess of $1 billion in transactions this fiscal year. For more information visit Surefire’s site, www.sfcommerce.com.
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