MSI is an official ECCHO Sponsoring Organization.
ECCHO (Electronic Check
Clearing House Organization) is a not-for-profit, mutual benefit, national
clearinghouse that is 100 percent owned by its member institutions. Any depository
financial institution, regardless of size, is eligible for membership in ECCHO.
ECCHO was created in 1990 by banks as a cooperative venture to encourage the implementation
of electronic check presentment (ECP).
ECCHO is recognized by many organizations across the U.S. as the national provider
of ECP and image exchange rules.
The Sponsoring Organization arrangement allows MSI Customers utilizing qualifying
MSI Image Exchange solutions to exchange ECP and/or image files under the protection
of ECCHO Rules with other ECCHO members. All Fees entitling the sponsored MSI Customer
to ECCHO rules coverage are paid by MSI. By sponsoring members, MSI
eliminates legal barriers to image exchange without incurring significant legal
expense. This arrangement allows MSI to provide significant additional value to
its customers/members in certain image exchange solutions offered by MSI.
|