CAMARILLO: Electronic Clearing House Inc. (Nasdaq: ECHO), a provider of electronic payment and transaction processing services, announces a merchant solution partnership with Fifth Third Bank Processing Solutions, the electronic transaction processing division of Fi

Merchant solution partnership announced

Electronic Clearing House Inc. (Nasdaq: ECHO), a provider of electronic payment and transaction processing services, announces a merchant solution partnership with Fifth Third Bank Processing Solutions, the electronic transaction processing division of Fifth Third Bank (Nasdaq: FITB). ECHO provides the third-party processing for Fifth Third's POS Check Service, which has been rolled out to Cole National Corp.'s (NYSE: CNJ) Pearle Vision Stores.

The POS Check Service enables merchants to automatically convert paper checks to electronic entries at the point of sale. Checks are verified and settled against the consumer's checking account at participating Visa member banks, or by...