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Oklahoma's Endpoint Exchange reports double-digit growth

June 5, 2006

Digital Transactions: Endpoint Exchange is reporting double-digit growth rates in its monthly image exchanges and a base of 3,000 receiving financial institutions. The Oklahoma-based network, which three years ago became the first national exchange to go live, is handling 12 million items monthly, a number that is growing at a 40 percent month-to-month rate. Seeking interoperability with the other national networks, Endpoint Exchange expects in August to link to SVPCO, which serves many of the nation's biggest banks. Endpoint says the images will be settled through the National Clearing House Association and not The Clearing House Payments Co. LLC, SVPCO's New York-based parent company. The link follows a similar connection to Viewpointe, which allows members of Bank of America Corp. and U.S. Bancorp to flow items to Endpoint Exchange.

Both connections are expected to boost volume for Endpoint Exchange, which started out serving mostly community banks and credit unions but has since sought arrangements with larger institutions. Endpoint says its base of members has grown from 2,500 six months ago while volume has doubled.

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