Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
SVPCO sets monthly items dollar value records
NEW YORK (7/15/08)--SVPCO, the paper and electronic check exchange business of The Clearing House Payments Company LLC, announced Monday that its image payment network set records for monthly items and dollar value last month. Average daily volume was 22.4 million items, an increase of 115% compared with last year. The network processed 470.9 million check images, a 115% increase compared with last year. Dollar value was $773.8 billion, a 88.2% increase from last year. “Exchanges of items for non-network financial institutions are a new source of volume and they are expected to continue growing strongly for the remainder of 2008,” said Susan Long, The Clearing House senior vice president. “The network’s capacity to handle transit items is another way institutions are leveraging the power of the nation’s leading image exchange network to reduce paper check processing costs.”


RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
1 day ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
1 day ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
1 day ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
1 day ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
1 day ago