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Article: On Deadline.(record earnings at American Eagle Federal Credit Union)(Freedom First Federal Credit Union forms memorial fund)(Suncoast Schools Federal Credit Union signed marketing agreement with Fidelity National Information Solutions Inc.)
- Article from:
- Credit Union Journal
- Article date:
- April 23, 2007
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Check 21 Milestone: National Networks Connect
NEW YORK-In an event that echoes America's transcontinental railroad hook-up, the two dominant national electronic check networks, Endpoint Exchange and SVPCO have agreed to exchange electronic checks and images.
The deal, which extends to 4,000 banks and credit unions and more than 10,000 endpoints, will provide financial institution participants with a new opportunity to streamline their check processing and accelerate adoption of electronic image exchange, given the status of legal tender under the 2003 law known as Check 21.
Endpoint Exchange is a wholly owned subsidiary of Metavante, which is ...