Electronic Clearing House, Inc. - ECHO- Profile

Electronic Clearing House, Inc.. The Group's principal activity is to provide a complete solution to the payment processing needs of merchants, banks and collection agencies. The Group operates in two segments: Bankcard and Transaction Processing Services and Check Related Products. Bankcard and transaction processing services segment provides solutions to merchants and banks to allow them to accept credit and debit card payments from consumers. Check related products segment provides services like check verification, check guarantee, electronic check conversion (ECC), check re-presentment and check collection. It operates under the following brands: MerchantAmerica, National Check Network (NCN), XPRESSCHEX Inc and ECHO. Bankcard and Transaction Processing accounted for 76% of fiscal 2006 revenues and Check Related Products, 24%