Endpoint Exchange in the Fed's 10th

Endpoint Exchange (405-782-1454 / www.endpointexchange.com) the National Check Image Exchange network, has achieved full electronic truncation in the 10th Fed District with the installation of the company's image-based check exchange and electronic clearing technology at Intrust Bank of Wichita, Kansas and BancFirst of Oklahoma City.

Bank and BancFirst are charter members of the Endpoint Exchange, joining earlier this year through the Central Oklahoma Clearinghouse Association (COCHA).

Joining Endpoint Exchange and participating in truncation and check image exchange for electronic clearing and settlement is the next step in Intrust's efforts to streamline its item processing operations. Intrust's ability to integrate prime pass image capture with its check image archive solution positions them to clear and settle their payments through check image exchange.

With check images captured remotely, truncation of the paper check at the earliest point of the process can become a reality, with the revenue from the paper check product being maintained and enhanced. Intrust was one of the first banks in the US to implement a branch item capture solution back in 1997.

Branch item capture allows Intrust to image-capture check transactions at the point of origination, positioning them to reap the full benefits of truncation and check image exchange for clearing and settlement through Endpoint Exchange.