According to the NACHA (National Automated Clearing House Association), ACH (Automated Clearing House) volume has increased from 1.5 billion in 1993 to 3.8 billion in 2000, a 153% increase. In the 4th quarter of 2001, almost 1.6 billion transactions were conducted, worth more than $4.3 trillion. That is a growth rate of 16.7% and 9.0%, respectively, over the same quarter of 2000.
It is obvious to analysts that check payments are here to stay. Customers still prefer to write checks than use any other method of payment. Our foresight is to be the leading provider of electronic payment technology that empowers our clients with a safe and secure means of check acceptance. Businesses and their customers will benefit from the extensive research and development Elec Chk is putting to the test, with new methods that will fully automate your company's receivables department. We are...
