EastPay made partnership with ECCHO

It was announced that EastPay not just teams up with the Electronic Check Clearing House Organization (ECCHO) but even becomes its Sponsoring Organization. Both companies should expect benefit of such cooperation. This partnership will allow EastPay’s financial institution members the opportunity to become Sponsored Members of ECCHO and take advantage of the protection offered by the ECCHO rules for Electronic Check Presentment and Image Exchange. The same time it will reduce their potential risk because without ECCHO’s rules, institutions exchanging images would assume an unknown amount of risk. ECCHO has three primary functions: industry education, industry advocacy, and the creation and maintenance of rules that govern private sector check image exchange for its members.

According to Norman Robinson, AAP, CTP, President and CEO of EastPay the company is glad to have such partner as ECCHO. It will allow the company to demonstrate the commitment to helping its members reduce payments system risk by becoming a Sponsoring Organization of ECCHO. Also it will help to provide even greater value to the members through the alliance with this important industry resource. EastPay known as a trade association that helps organizations take advantage of the opportunities and avoid the risk presented by the phenomenal growth of electronic payments with help of ECCHO will be presenting a three-session webinar series presented by Ellen Heffner, Director of Product Management for ECCHO. 

Also the partnership will be beneficial for ECCHO. As David Walker, President of ECCHO noted EastPay is to be commended for creating good value for its membership. Also ECCHO is pleased to have such partner and Sponsoring Organization the same time. ECCHO’s rules making process has broad industry participation and EastPay will be representing its Sponsored Members directly in the creation of image exchange rules.