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SVPCO

Welcome to the News View for "SVPCO".

Here, on these archive pages, you'll find all of the articles on Payments News for SVPCO listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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January 15, 2009

Record Check Image Volumes at SVPCO in 2008

The SVPCO Image Payments Network has announced it exchanged a record 5.6 billion check images in 2008, up 97% from 2.8 billion images in 2007. For all of 2008, dollar volume also hit an all-time high of $8.5 trillion, up 71% from $5 trillion in 2007. The number of institutions exchanging images also rose to an all-time high of 44 in 2008, up from 24 in 2007. The SVPCO Image Payments Network began operations in January 2005. READ MORE »

July 14, 2008

SVPCO Sets Records in June for Check Images, Dollar Volume

SVPCO, the paper and electronic check exchange business of The Clearing House Payments Company L.L.C., reports that the SVPCO Image Payments Network set records for both monthly items and dollar value in June 2008. READ MORE »

October 16, 2007

SVPCO Image Payments Network Provides New Check Clearing Options

Financial institutions connected to the SVPCO Image Payments Network have begun forming new correspondent clearing relationships that are spurring the growth of image exchange among regional institutions and further reducing check processing costs.

READ MORE »

October 11, 2007

SVPCO Check Image Volume Continues to Grow

SVPCO has announced that its monthly image items and dollar volume grew strongly in September compared to a year ago - processing 255.3 million in total monthly items, a 218.3% increase compared to a year ago representing $427.8 billion in total monthly dollar value, a 119.9% increase compared to a year ago.

READ MORE »

September 26, 2007

Who's News - Payments Professionals Management Changes

We have received news of the following recent management changes:

  • The Clearing House Payments Company today announced that Senior Vice President Susan Long will manage both paper check and electronic check clearing services on Oct. 1 and that Senior Vice President Jerry Milano, head of SVPCO Check Services, will retire on March 31, 2008. Long, who joined The Clearing House 14 years ago, had been running SVPCO’s electronic check services.
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May 15, 2007

Milestone - Check Image Volume Surpasses Paper Check Volume

SVPCO, the check image and paper check business of The Clearing House Payments Company L.L.C., has announced that its average daily check image items and dollar value exceeded its paper check items and dollar value for the first time in its history during April.

READ MORE »

May 07, 2007

The Bank of New York Connects To SVPCO Image Payments Network

SVPCO - Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company, has announced that The Bank of New York is now participating in the SVPCO Image Payments Network.

READ MORE »

April 18, 2007

Endpoint Exchange Links To SVPCO Image Payments Network

Endpoint Exchange LLC, a Metavante company, and SVPCO – Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company LLC, have announced that member financial institutions of both systems can now exchange check data and images.

READ MORE »

April 09, 2007

SVPCO Image Payments Network Reports Strong Volume Growth in March

SVPCO has announced that the total number of check images and the dollar value hit an all-time high in March reaching a total of 177.4 million in total monthly items, a 507% increase compared to a year ago. March's volumes totaled $333.8 billion in total monthly dollar value from an average of 8 million daily items.

READ MORE »

January 08, 2007

SVPCO Exchanged 747 Million Images Worth $2 Trillion In 2006

SVPCO-Electronic Clearing Services has reported that the number of check images exchanged in 2006 soared 15-fold compared to 2005, while the dollar value jumped 5-fold year-over-year.

READ MORE »

December 08, 2006

An Update From The Clearing House And SVPCO

Glenbrook's Carol Coye Benson spoke yesterday with George F. Thomas, who oversees strategy and product management at The Clearing House in New York. Carol filed this report on her conversation with George.

READ MORE »

November 30, 2006

US Bank Joins SVPCO Image Payments Network

SVPCO - Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company L.L.C., has announced that U.S. Bank is now exchanging check images via the SVPCO Image Payments Network.

READ MORE »

November 02, 2006

Sterling National Bank Joins SVPCO Image Payments Network

SVPCO - Electronic Clearing Services has announced that Sterling National Bank is now participating in the Image Payments Network. Sterling’s first exchange partner is Bank of America.

READ MORE »

September 07, 2006

US Check Image Volume Continues Rapid Growth

SVPCO-Electronic Clearing Services has announced that monthly check image volume in August surpassed $200 billion and 75 million items as compared to $45.3 billion and 5.3 million items in the same month last year.

READ MORE »

August 07, 2006

PNC Now Live on SVPCO Image Payments Network

SVPCO - Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company L.L.C., has announced that The PNC Financial Services Group is now exchanging check images through the SVPCO Image Payments Network.

READ MORE »

June 27, 2006

SVPCO Low-Cost Option For Exchanging Check Images

SVPCO - Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company L.L.C., has announced the availability of SVPCO Gateway DTA, a new, low-cost option for gaining access to the SVPCO Image Payments Network.

READ MORE »

June 07, 2006

Bank of America Hits Major Check Imaging Milestone

Bank of America announced today that it reached 5 million items exchanged via image in a single day.

READ MORE »

SVPCO Check Image Exchange May Volume Jumps 44%

SVPCO-Electronic Clearing Services has announced that the number of monthly items in May grew 44.4% to an all-time high of 50.8 million.

READ MORE »

April 06, 2006

Check Image Exchange Volume Surges In March

SVPCO-Electronic Clearing Services has announced that the average number of daily items in March grew 24.2% to an all-time high of 1.2 million. For the first quarter of 2006, the total number of daily image items was 62.5 million, compared to 52 million for all of 2005.

READ MORE »

March 08, 2006

Check Image Exchange Volume Tops 1 Million Items A Day

SVPCO-Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company L.L.C., has reported that daily average check image volume in the Image Payments Network grew 47% in February and surpassed 1 million items a day for the first time.

READ MORE »

February 09, 2006

Fed Sending Check Images Via SVPCO Image Network

SVPCO - Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company L.L.C., has announced that the Federal Reserve is now sending check images to financial institutions via the SVPCO-Image Payments Network.

READ MORE »

February 02, 2006

March 07, 2005

Federal Reserve Connects to SVPCO-Image Exchange Network

The Clearing House Payments Co. has announced that the Federal Reserve is now linked to the SVPCO Image Exchange Network to facilitate the electronic movement of image files.

"The Federal Reserve and SVPCO-Image Exchange Network connection is a major milestone for the nation's payments system, and it will help usher in a new era of clearing checks in an all-electronic environment that will benefit institutions nationwide," said George Thomas, Executive Vice President of The Clearing House. "The early volumes being sent through the Image Exchange Network are significant, and we expect that to increase substantially in 2005."

February 22, 2005

SVPCO National Check Exchange Launched

SVPCO Check Services has announced the launch of SVPCO National Check Exchange, a new national check clearing service that "provides participating institutions with the ability to exchange checks across regions more efficiently, following a universal set of rules."

READ MORE »

September 02, 2004

KeyBank and JPMorgan Chase Exchange First Check Images

SVPCO has announced the official production launch of its Image Exchange Network following a two month trial period with KeyBank and JPMorgan Chase. READ MORE »

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