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Wednesday, December 20, 2006
(DigitalTransactions.net)
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Checks cleared by paying banks as electronic images outnumbered substitute checks for the first time in the short history of image exchange in October, according to numbers compiled by the Electronic Check Clearing House Organization, Dallas. The ECCHO statistics, gathered from three primary settlement networks, also show healthy growth in overall image exchange, with volume reaching 403 million items, up 30% over September’s total...
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