19 October 2017
visit www.response.ncr.com

First National extends Echo e-cheque contract

31 January 2003  |  3057 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.
KeywordsE-COMMERCE

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  |  3348 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.capgemini.comRegister now

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15825 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8958 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8056 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7150 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6292 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job