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eGistics Named Committee Member of NACHA's Check ACH Coalition.


DALLAS -- eGistics, Inc., a pioneer in hosted image and data archival, management and delivery for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 market, has been named a committee member of NACHA's Check ACH Coalition. The coalition is a group of leading check and ACH professionals assessing the feasibility of integrating the strengths of check image exchange with the ACH network in order to speed the adoption of truncation and electronic check exchange.

eGistics Founder and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey.  Bryan Bruton will serve on the coalition's operations and technology committee, whose objective is to analyze and define the Check ACH process.

While electronic check clearing has grown markedly this year, challenges for both collecting and paying banks may put a damper on how quickly and deeply check image exchange will be adopted, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

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 NACHA NACHA National Automated Clearing House Association
NACHA National Agency Clearing House Association
. Check ACH could prove an effective check-clearing alternative to address the volume that would otherwise remain a physical check. Through its participation in the Check ACH Coalition, eGistics continues its support for electronic clearing initiatives. The company's digital architecture supports images and data for both check and ACH transactions, and provides unique capabilities that form the foundation for its Virtual Exchange service.

"This additional opportunity to join with other industry thought leaders underscores eGistics' commitment to helping financial services companies achieve new efficiencies in transaction processing," said Bruton. "eGistics is glad to be a part of bringing innovative solutions to market by working with NACHA in their Check ACH initiatives."

Institutions participating in the Check ACH coalition include Bank of America
See also:  and


Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world.
, JPMorgan Chase, Wells Fargo & Company, Zions Bank, ECCHO ECCHO Electronic Check Clearing House Organization
ECCHO Emerald Coast Coursing Hound Organization (Florida) 
, and the Federal Reserve Bank. The coalition's executive committee is comprised of John Feldman of Bank of America, Earl Jennings of JPMorgan Chase, Jeffrey Kline of Wells Fargo, and Danne Buchanan of Zions.

About eGistics, Inc.

eGistics pioneered the use of on-demand image and data archival, management and delivery services in the financial services marketplace. Today, its Infinite Digital Architecture (IDA Ida (ē`dä), city (1990 pop. 91,859), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural market and railway junction. ) archives billions of images and supports mission-critical payments applications for the world's leading financial services companies. Through its on-demand business model, eGistics consistently delivers significant business benefits for payments applications such as check processing/Check 21, retail and wholesale receivables processing, medical payments processing (EOBs), and loan processing and management. eGistics is based in Dallas. For more information on eGistics visit www.egisticsinc.com or call 214-256-4600.

"eGistics" and variations of the name are the property of eGistics, Inc., and are protected pursuant to an application filed with the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property .
COPYRIGHT 2006 Business Wire
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 15, 2006
Words:413
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