Practical Benefits: |
- Provides a common set of image exchange rules for use with other ECCHO Members in private exchanges.
- The benefit to the Members – when ECCHO writes rules, its membership must do a deep dive analysis as it explores the issues. Members of ECCHO shape the Rules.
- Access to the Member only Exceptions Contact Database for exceptions handling and to facilitate check issue resolution
- ECCHO has an Operations Committee that meets in-person twice a year, and ad hoc working groups that meet about six times a year via conference call
- Sample documents such as indemnity claim letters and disclaim forms
- Opportunity to use Rule 9 (forged and counterfeit check warranty) between ECCHO Members for private exchanges and exchanges through the Federal Reserve Bank
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Educational Benefits: |
- Access to the following:
- The National Check Payments Certification (NCPC) provides institutions a ready means of developing or enhancing institutional knowledge which helps combat check fraud
- A place to call with questions
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Strategic Benefits: |
- ECCHO maintains relationships with many financial institutions and many industry players
- Keeps membership up-to-date on relevant information
- Problem resolution and forward-thinking solutions for a more efficient payments system
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Advocacy Benefits: |
- Provides a voice for the industry with regulatory agencies and other groups on check-related issues, now conducted in concert with The Clearing House’s advocacy
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ecchoinfo@theclearinghouse.org | 214-273-3200 | www.theclearinghouse.org/eccho |