19 August 2017
Find out more

First National extends Echo e-cheque contract

31 January 2003  |  3016 views  |  0 First National extends Echo e-cheque contract

First National Merchant Solutions, a subsidiary of First National Bank of Omaha, has renewed its electronic cheque services contract with e-payments provider Electronic Clearing House (Echo).

The agreement is part of the Visa point-of-sale (POS) cheque services programme which converts paper cheques into electronic transactions, enabling merchants to receive immediate online authorisation.

Cheques drawn against participating member banks in the programme are processed and settled electronically by Visa while cheques from other banks are routed to Echo for processing and settlement.

First National first piloted the cheque service in 2001, which it branded CompletePay.

Susan Rue, product manager, First National Merchant Solutions, says both Visa and Echo have worked with the bank in building a customisable processing platform.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Echo and TouchNet deliver Visa cheque authorisation service

Echo and TouchNet deliver Visa cheque authorisation service

23 January 2003  |  3314 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.abe-eba.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8669 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7678 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6922 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6348 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6198 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job