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

The agreement brings together the nation's two largest check image exchange systems. Endpoint Exchange serves more than 4,000 community banks and mid-tier financial institutions across the country. SVPCO Image Payments Network works with the nation's largest financial institutions, and through its relationship with the Federal Reserve, reaches more than 10,000 endpoints.

"The connection between Endpoint Exchange Network and the SVPCO Image Payments Network represents a new day for the payments industry by making check image exchange a more viable strategy for all financial institutions," said Susan Long, senior vice president of The Clearing House, responsible for SVPCO-Electronic Clearing Services. "By working cooperatively, both networks are making it easier for financial institutions to reduce the costs and risks associated with paper checks."