Source: Endpoint Exchange
Endpoint Exchange LLC, a Metavante (NYSE:MV) company and leading national check image exchange provider, today announced that Winston-Salem, N.C.-based BB&T Corporation (NYSE:BBT) has joined the company's rapidly growing national electronic check image exchange network.
BB&T will connect to Endpoint Exchange through the SVPCO Image Payments Network. With this network interoperability in place, BB&T will now be able to seamlessly exchange check images with thousands of existing Endpoint Exchange participants in every Federal Reserve district.
"Membership with Endpoint Exchange extends our strategic plan to optimize the operational efficiencies and cost-savings of check image exchange," said Steve Anderson, senior vice president, BB&T. "Membership with Endpoint Exchange will enhance the services and expand the reach of BB&T's image exchange program to thousands of new financial institution endpoints across the country, regardless of asset size or check imaging platform."
"BB&T continues to deploy innovative payment solutions and to move ahead aggressively to clear and settle payments electronically," said Jim Fancher, general manager, Endpoint Exchange LLC. "We believe our expertise, leadership and innovation in check image exchange complement what BB&T has been doing in the electronic payments marketplace."