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Credit Union Journal, The, February, 2005
National Check Exchange Debuts
NEW YORK-SVPCO Check Services, the check processing business of The Clearing House Payments Co., plans to open its national check exchange on April 4, the latest venture to seek to capitalize on the Check 21 law.
The SVPCO National Check Exchange, the product of several mergers of regional check exchanges, including the Western Payments Alliance and Chicago Clearing House Association, will hold a 30-day registration period for participants starting March 4.
Participation in the National Check Exchange will not require current members to install new systems or processes, but will allow them to simply direct their processors or messengers to drop packages of checks or substitute checks at The Clearing House facilities in New...
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