CheckAGAIN Adds ECHO'S NCIS Database to Services.Business Editors AGOURA HILLS, Calif.--(BUSINESS WIRE)--March 27, 2001 Electronic Clearing House, Inc. (Nasdaq:ECHO) announced that CheckAGAIN, a Virginia-based provider of electronic check processing solutions with Web-based reporting, has expanded its check authorization offerings to include access to ECHO's National Check Information Services See Information Systems. (NCIS NCIS Naval Criminal Investigative Service NCIS National Coroners Information System (Australia) NCIS Nebraska Career Information System NCIS National Crime Intelligence Service NCIS National Coalition of Independent Scholars ), one of the nation's largest and most cost-effective check verification databases. ECHO provides check verification services to large retail chains, processors and collection agencies across the nation and over the past six years has built the NCIS database identified as the sixth largest check verification database in the country in 2000 in "The Nilson Report." "The NCIS database holds over 12 million records of bad checks and over 40 million positive checking account records. With CheckAGAIN as a new contributor and user of NCIS, we expect the value of NCIS to increase significantly," stated Don Dick, President of ECHO's Boulder-based subsidiary. About CheckAGAIN CheckAGAIN's mission is to use innovative technologies to simplify the recovery process on returned checks for both merchants and customers. The CheckAGAIN system is helping merchants nationwide recover more of the funds lost to check returns, while lowering the fees and costs involved. CheckAGAIN is also assisting customers by significantly reducing the hassle involved in clearing up misunderstandings due to check bounces. CheckAGAIN is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with headquarters in the heart of the Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. high-tech corridor in Herndon, Virginia Herndon is a town in Fairfax County, Virginia, United States. The population was 21,655 at the 2000 census, which makes it the largest of three towns in the county.[1] History . An online tour of CheckAGAIN's services is available at www.checkagain.com. About ECHO Electronic Clearing House, Inc. provides debit and credit card processing, check services and inventory tracking to over 58,000 retail merchants and U-Haul dealers across the nation. To take advantage of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, you are hereby cautioned that this release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Actual operations and results may differ materially from those expressed in the forward-looking statements made by the Company. |
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