Alogent, a provider of payment transaction processing solutions, is to integrate its solutions with the CheckClear national check image exchange network, Endpoint Exchange. The relationship will ensure that Alogent’s solutions will have a direct interface to the national Endpoint Exchange network for data and image exchange. CheckClear’s Endpoint Exchange Network is the first and, as yet, only live electronic clearing network that enables US financial institutions to clear their check-based transactions by allowing for the exchange of check images between member institutions. Alogent’s Director of Business Development, Robert Coyan, said: ‘This relationship will facilitate check truncation at the first point of presentment and assist in image and data exchange, in advance of Check 21.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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