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Check image volume up 37 for SVPCO
NEW YORK (1/17/08)--SVPCO, a paper and electronic check exchange business of The Clearing House Payments Company LLC, reported that a record 2.8 billion images, totaling more than $5 trillion, moved through the SVPCO Image Payments Network in 2007. The growth was largely due to seven new network participants, including Members United Corporate FCU in Warrenville, Ill., said Susan Long, Clearing House senior vice president (dBusiness News Jan. 15). The number of image items increased 376% from a year ago, and total dollar volume increased 167%. The number of processing dates was identical--251--in 2006 and 2007, according to SVPCO. In December, SVPCO reported a 179.3% increase in monthly items compared with the year before, and a 102.8% increase in monthly dollar value, compared with December 2006.


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