All-Time Highs For Monthly And Daily Check Image Volume In July

SVPCO -- Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company L.L.C., today said that monthly and daily average check items and dollar value set all-time highs in July.

The Image Payments Network, the nation's leading, private-sector image exchange system, reported the following highlights and volume for July:

  *  245.0 million in total monthly items, a 306.9% increase compared to a
     year ago
  *  $436.7 billion in total monthly dollar value, a 159% increase compared
     to a year ago
  *  11.6 million in daily average items, an increase of 12.25% from June
     2007
  *  The Federal Reserve's volume increased 20% to 48.1 million images from
     June 2007
  *  On July 2, a record 16.4 million items totaling $31.6 billion were
     handled by the network
  *  M&I Bank (Marshall & Ilsley) went live on the Image Payments Network

In July 2006, daily average items were 3.0 million, total monthly items were 60.2 million and monthly dollar volume was $168.3 billion.

"Image exchange volume set all-time highs in July as the SVPCO Image Payments Network continued to accommodate more institutions and expanded volume from existing participants," said Susan Long, Senior Vice President of The Clearing House, responsible for SVPCO-Electronic Clearing Services. "We're particularly pleased to welcome M&I Bank, which began accessing the network in July through SVPCO's File Transfer Protocol (FTP) option, a low- cost, Internet-based connection. For institutions planning an image exchange strategy, we have a range of solutions to fit your institution's specific image volume needs."

About The Clearing House Payments Company

The Clearing House Payments Company L.L.C. (www.theclearinghouse.org) is a private-sector, global payment systems infrastructure that clears and settles 40 million payments for more than $1.6 trillion per day.

Source: The Clearing House

Web site:
http://www.theclearinghouse.org/
http://www.svpco.com/