EXHIBIT 10.48
                                                                   -------------

                    POS CHECK THIRD PARTY SERVICER AGREEMENT



     This THIRD PARTY SERVICER AGREEMENT (this "Agreement") is entered into by
and between Electronic Clearing House, Inc., a California corporation ("ECHO"or
"Provider"), and VISA U.S.A. INC., a Delaware corporation ("Visa") as of
December 12, 2000 (the "Effective Date").

                                    RECITALS

A.     Visa has developed a service for its Member financial institutions and
merchants to provide truncation services for paper checks at the point of sale,
authorizing and converting them to electronic transfer items (hereinafter "POS
Check Service").

B.     Certain Member financial institutions that are acquirers participating in
the POS Check Service ("Acquirer Participants") wish to utilize third-party
processors to convert, clear, and settle paper checks drawn on non-participant
drawee banks and to offer optional check verification and guarantee services.

C.     Visa wishes to enter into an agreement with Provider to support Acquirer
Participants designating Provider as their third party processor to perform the
functions described above in connection with the POS Check Service.

     NOW THEREFORE, in consideration of their respective obligations in this
Agreement and intending to be legally bound, Visa and Provider agree as follows:

                                    AGREEMENT

1.     Term of Agreement.  The term of this Agreement shall commence on the
       -----------------
Effective Date and shall continue for a period of eighteen (18) months following
the Effective Date, unless earlier terminated as provided herein in Section 16
(the "Pilot Term).  The parties agree that following the Pilot Term, the
Agreement shall automatically renew for successive one (1) year periods unless
terminated by either party upon written notice given at least sixty (60) days
prior to the end of the Pilot Term or any renewal term, or as otherwise provided
in Section 16 of this Agreement.

2.     Purchase of the Provider Services.  During the Term, Provider shall
       ---------------------------------
provide the services described in Exhibit A of the Agreement ("Services") to
Visa and Visa shall have the right to resell the Services to Participating
Acquirers and merchants under Visa's trademark, the Participating Acquirer's
trademark, or under any other name, subject to Section 9 of this Agreement.
Provider acknowledges and agrees that it shall be the sole choice of a
Participating Acquirer whether to designate Provider to provide the Services,
and that the Participating Acquirer and/or the merchant shall determine which of
the Services to utilize.  Provider acknowledges and agrees that Participating
Acquirers shall have the right to utilize the Services only in cases where the
drawee bank in connection with a POS Check Service transaction is not a
participant in the POS Check Service.  Notwithstanding any of the foregoing,
Provider shall have the right to sell the Services directly to merchants if
requested to do so by Visa and/or Participating Acquirers, provided that
Provider shall do so as the agent of the Participating Acquirer or Visa, and
under the pricing terms contained in Exhibit B.

3.     Service Standards and Requirements.
       ----------------------------------

     (a)     Back Office, Customer Service and Other Support.  Provider shall
             -----------------------------------------------
             provide  the  support  described  in Exhibit C to this Agreement.

     (b)     Service Level Standards.  In providing the Services, Provider shall
             -----------------------
             conform  to the service level standards described in Exhibit D to
             this  Agreement.

     (c)     Data Security Standards and Requirements.  Provider shall adopt,
             ----------------------------------------
             implement and maintain data security standards and processes that
             conform  to  the  standards  described  in  Exhibit  E  to  this
             Agreement.

     (d)     Reporting.  Provider shall provide the reporting described in
             ---------
             Exhibit  F  to  this  Agreement.

     (e)     Other Service Requirements.  Provider shall develop, implement and
             --------------------------
             operate  the  Services  to  satisfy  all  of  the  other business
             requirements  described  in Exhibit A not specifically enumerated
             above.


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4.     Implementation and Testing of the Services.  The parties agree to work
       ------------------------------------------
together in good faith to implement the Services in accordance with the project
schedule described in Exhibit _ to this Agreement.  Provider shall be
responsible for performing any required modifications to its systems, as well as
any ongoing maintenance required, including updates.  Provider shall test and
permit Visa to certify that Provider's processing system used to provide the
Services interfaces appropriately with the systems of Visa, Participating
Acquirers and merchants. Each party shall designate a relationship manager who
will be the primary point of communications between the parties in connection
with the implementation and operation of the Services.  This relationship
manager may be changed by a party upon notice to the other party.

5.     POS Check Service Definition and Rules.  Visa shall have the exclusive
       --------------------------------------
right to define the scope and nature of the POS Check Service, and to adopt
rules and regulations implementing and governing its operation.  Visa agrees to
solicit the input of Provider in connection with such matters, but shall have no
liability for any failure to do so.

6.     Charges.
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     (a)     Charges.  The charges for the Services paid by Visa to Provider
             -------
shall be in accordance with the pricing set forth in Exhibit B attached hereto
and incorporated herein by this reference.  Visa may charge Participating
Acquirers and/or merchants any price for the Services as Visa may determine in
its sole discretion.  Visa retains the right to audit Provider's computer system
regarding the Services provided and billed to Visa.  Provider shall provide a
detailed monthly invoice of the prior month's charges to Visa not later than the
fifth (5th) day of each month and Visa shall review the charges for correctness
and pay charges deemed to be correct within thirty (30) days of receipt of the
invoice.  In the event of any discrepancy between Provider's records and Visa's
records regarding the Services provided, Visa's records shall control.  Visa
shall also pay any tax paid or payable by Provider (other than taxes based upon
Provider's net income), however designated, applicable sales and use taxes,
levied or based upon the provision of the Services by Provider to Visa pursuant
to this Agreement.

     (b)     Audit.  Upon the reasonable request of Visa, Provider shall make
             -----
its books, records and any such other information available to Visa and its
authorized representatives at Provider's principal place of business during
regular business hours so that Visa may audit Provider's determination of the
amount of fees owed to Visa.  Such audit shall be performed at Visa's sole cost
and expense.

     (c)     Most Favored Customer Pricing Guaranty.  Provider agrees and
             --------------------------------------
undertakes that the pricing to Visa set forth in Exhibit B to this Agreement
shall be at least as favorable as that provided to any third party, taking into
account similarity of services and transaction volumes.  Provider agrees
promptly to notify Visa and to amend this Exhibit B as necessary during the term
of this Agreement ensure that Visa is provided the benefit of this guaranty.

7.     Pilot Term Deployment.  The Provider acknowledges and agrees that the
       ---------------------
Services will be deployed during the Pilot Term on a limited basis, determined
in Visa's sole discretion, in order to test market response and requirements,
and to determine whether the Services should be modified or enhanced prior to
full market deployment.  Visa shall have the right to limit or restrict
Provider's ability to provide certain of the Services to Participating Acquirers
and/or merchants, and to limit the number of Participating Acquirers and/or
merchants, at Visa's sole discretion, during the Pilot Term, and after the end
of the Pilot Term.

8.     Sales and Marketing Support.  Visa intends to market the POS Check
       ---------------------------
Service and the Services to Visa Member financial institutions and perhaps
directly to merchants, but shall have no obligation to Provider to do so, and no
liability for failing to do so.  Provider agrees to provide technical and
program expertise in support of any marketing by Visa of the POS Check Service
and the Services to Visa Member financial institutions and to merchants.  This
support may include participation in meetings with prospects if necessary.  Visa
shall reimburse Provider for Provider's direct out of pocket expenses incurred
in providing any such support.

9.     Use of Names and Trademarks, Publicity, Marketing and Advertising
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Materials.
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     (a)     Neither party has the right to use the name or the trademarks of
the other party except as specifically provided in this Agreement.


                                      F 21
<PAGE>
     (b)     Visa retains the right to prepare itself any marketing materials
that will contain the Visa trademarks, and shall have final say over marketing
and advertising concepts employed in connection with the POS Check Service. The
parties may, but are not required to, jointly develop collateral describing the
Services for use in marketing the Services to Visa Member financial institutions
and/or merchants, collateral for use by Participating Acquirers with merchants,
and a web page describing the Services. Each party shall have the right to
review and approve any use of their respective trademarks.Any publicity or press
releases describing the POS Check Service or mentioning the name or trademarks
of the other party or the existence of this Agreement prepared by a party shall
be approved by the other party

(b)     before can be released.  A party receiving a request for approval shall
respond in a commercially reasonable time, and approval shall not unreasonably
be withheld, except that no party has any obligation to approve the use of its
trademark. Notwithstanding the foregoing, Provider shall have the right to
disclose to the extent required by law, the signing of this Agreement in
standard regulatory filings required of a publicly-traded company, provided that
Visa shall be given the opportunity to review and comment on any such disclosure
prior to issuance.

10.     Visa Confidential Information.
        -----------------------------

     (a)     Visa Confidential Information.  During the Term of this Agreement,
             -----------------------------
Provider may receive and have access to confidential and proprietary information
of Visa or its Member financial institutions, including but not limited to,
network and computer systems, programs, documentation, business plans, customer
information, data changes and modifications to the Provider system required by
Visa and such other information which is proprietary, confidential or which
constitutes a trade secret of Visa or its Member financial institutions
(collectively, "Visa Confidential Information").  Provider acknowledges and
agrees that the Visa Confidential Information shall be and remain the exclusive
proprietary property of Visa or the respective Member financial institution.
Provider further acknowledges and agrees that Provider shall hold the Visa
Confidential Information in the same level of confidence as its own confidential
and proprietary information and not use or disclose any Visa Confidential
Information to any third party, nor shall such information be disclosed to
Provider employees, agents, consultants, contractors or subcontractors, except
on a need to know basis to those directly involved with the provision of the
Services under this Agreement.

     (b)     Exception.  Provider's obligations apply to all Visa Confidential
             ---------
Information, whether oral or written, in drawings or machine readable form,
whether or not expressly marked "confidential" except:  (i) to the extent Visa
Confidential Information was lawfully in Provider's possession prior to its
disclosure to Provider hereunder or it enters the public domain through no fault
of Provider; (ii) upon reasonable prior notice to Visa and opportunity to seek
protective provisions with respect thereto if the Visa Confidential Information
is required to be disclosed in connection with any kind of adversarial
proceeding; or (iii) if the Visa Confidential Information is legally required to
be disclosed in connection with the resolution of any dispute that may arise in
connection with this Agreement, provided that Provider shall cooperate with
reasonable best efforts to protect the Visa Confidential Information from
disclosure into the public record.  Provider acknowledges that it may not use
any of the Visa Confidential Information for its own account except in the
furtherance of its activities under this Agreement.

     (c)     Disclosure of Agreement.   Provider further acknowledges and agrees
             -----------------------
that Provider shall not, during or following the termination of this Agreement,
use, publish or disclose the existence or content of this Agreement without the
prior express written consent of Visa, except as required under applicable law
or regulation.

     (d)     Return of Documents and Information.   Provider further agrees
             -------------------------------------
that following the termination of this Agreement, that Provider shall promptly
return within fifteen (15) days of the date of such termination, all Visa
Confidential Information including but not limited to customer information,
documentation and data, in written and electronic form, provided to Provider
during the term of this Agreement, provided that Provider may retain copies or
originals of such documents and data as Provider reasonably determines is
required to retain for audit and/or regulatory purposes.

11.     Data Privacy and Data Usage.
        ---------------------------

        (a)     Notwithstanding anything to the contrary in Section 10 or any
other provision of this Agreement, the parties agree to comply with all privacy
and data protection laws, rules and regulations which are or which may in the
future be applicable to the Services.  Provider warrants and represents that it
will not use or disclose to another person any non-public personal information
that it receives from Visa or any other person or entity in connection with
providing Services, except as necessary to perform the Services in the ordinary
course of business in accordance with the terms of this Agreement.  For purposes
of this section, the terms "non-public personal information" and "financial
institution" shall have the meanings set forth in Section 509 of the
Gramm-Leach-Bliley Act (P.L. 106-102)(15 U.S.C. Section 6809) and implementing
Regulations thereof.


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<PAGE>
     (b)     Without limiting Section 11(a), Provider agrees that all non-public
information, including without limitation names, addresses, transactional data
or other personally-identifying information, obtained by Provider from Visa,
Participating Acquirers, other Visa Member financial institutions or merchants
in connection with providing the Services shall, as between Provider, Visa,
Participating Acquirers, other Visa Member financial institutions or merchants,
be the sole and exclusive property of the party from whom Provider obtained it.

     (c)     Reports and data produced by Provider in connection with providing
the Services will be provided only to Visa, Participating Acquirers or
merchants, depending on which of those entities is an intended recipient of the
reports or data under this Agreement.

     (d)     Notwithstanding Section 10, at the conclusion of this Agreement or
upon conclusion of any relationship with a particular Participating Acquirer
under this Agreement, and upon Visa's or the Participating Acquirer's written
request, Provider will physically purge all non-public personal information
obtained in connection with providing Services under this Agreement or to a
particular Participating Acquirer that exists on all of Provider's computers,
and will provide written certification to Visa or the particular Participating
Acquirer of such purging within thirty (30 ) days of the request.

     (e)     Notwithstanding anything to the contrary in this Section 11,
Provider shall not be restricted in the use of any information or data obtained
by it that is not subject to the terms of this Section 11 or Section 10.

12.     Title to Property, Know-How and Intellectual Property; Nondisclosure of
        -----------------------------------------------------------------------
Trade Secrets.   All systems, programs, operating instructions, documentation
-------------
and know-how created or licensed by Provider and which are part of the
Provider's systems used to provide the Services shall be and remain the
exclusive proprietary property of Provider.   Visa hereby agrees to hold all
information that Visa may receive from Provider with respect to the Provider
system (the "Provider Information") in the same level of confidence as it holds
its own confidential information.  The Provider Information constitutes trade
secrets of Provider. Visa shall not disclose or provide the Provider Information
to third parties nor shall such information be disclosed to Visa's or
Participating Acquirers' employees, agents, consultants, contractors,
subcontractors, or customers except on a need to know basis to those persons
directly involved with the marketing or provision of the Services during the
term of this Agreement. Visa's obligations apply to all Provider Information,
whether oral or written, in drawings or machine readable form, whether or not
expressly marked "confidential" except:  (a) to the extent the Provider
Information was lawfully in Visa's possession prior to its disclosure to Visa
hereunder or it enters the public domain through no fault of Visa; (b) upon
reasonable prior notice to Provider and opportunity to seek protective
provisions with respect therein if the Provider Information is required to be
disclosed in connection with any kind of adversarial proceeding; or (c) if the
Provider Information is legally required to be disclosed in connection with the
resolution of any dispute that may arise in connection with this Agreement
provided that Visa shall cooperate with reasonable measures to protect the
Provider Information from disclosure into the public record.  Visa acknowledges
that it may not use any of the Provider Information for its own account except
in furtherance of its activities or its rights under this Agreement.

13.    Warranty and Limitation of Liability.
       ------------------------------------

     (a)     Warranty.   Provider shall maintain a back-up server to its primary
             --------
server to reduce the risk of delays as a result of equipment malfunction.
Provider warrants and represents that it will employ due care and attention in
the preparation and maintenance of its programs and in performing the Services
and shall use reasonable best efforts to ensure that the Services are provided
promptly, without delay and in accordance with the specifications set forth in
applicable Exhibits to this Agreement.

     (b)     Limitation of Liability.  Visa and Provider acknowledge that data
             -----------------------
processing entails the risk of human and machine errors, omissions, delays and
losses, including inadvertent loss or misstatement of data that may give rise to
loss or damage.  Accordingly, Visa and Provider agree that PROVIDER OR VISA
SHALL NOT BE LIABLE FOR ANY ERRORS, OMISSIONS, DELAYS OR LOSSES, UNLESS CAUSED
BY THE OTHER PARTY'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.  EXCLUDING
INFRINGEMENT AND TRADE SECRET CLAIMS BROUGHT PURSUANT TO SECTION 14 AND DAMAGES
CLAIMS BROUGHT PURSUANT TO BREACH OF THE VIRUS WARRANTY PROVISION OF SECTION
15(b), IN NO EVENT SHALL PROVIDER OR VISA BE LIABLE FOR INDIRECT, SPECIAL OR
CONSEQUENTIAL DAMAGES, AND IN NO EVENT SHALL THE LIABILITY OF ONE PARTY TO THE
OTHER PARTY PER OCCURRENCE FOR ANY CLAIMS, LOSSES OR DAMAGES ARISING UNDER THIS
AGREEMENT IN CONNECTION WITH SERVICES PERFORMED HEREUNDER EXCEED AN AMOUNT EQUAL
TO THE AGGREGATE FEES AND CHARGES PAID BY VISA TO PROVIDER.  The foregoing
limitation of liability and exclusion of certain damages shall apply regardless
of the success or effectiveness of other remedies.  Notwithstanding anything to


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<PAGE>
the contrary contained herein, Provider shall not be responsible for errors in
data entry or other services, programs, hardware, data files, or output provided
to, or maintained for, Visa, a Participating Acquirer or merchant resulting from
errors in input data received by Provider from Visa, a Participating Acquirer or
merchant.

14.     Indemnification.
        ---------------

     (a)     By Provider.  Provider shall defend or settle, at its own expense,
             -----------
any claim against Visa, a Participating Acquirer or merchant arising out of or
in any way connected with an allegation that the Services or the Provider system
used to provide the Services, or any licensed software or material provided
pursuant to this Agreement, infringes any United States copyright, patent,
trademark or trade secret.  Provider shall also pay all costs and damages that
may be assessed against Visa, a Participating Acquirer or merchant due to such
infringement.  Visa agrees to, and agrees to require a Participating Acquirer or
merchant to, cooperate with Provider in the defense of any such claim.

     Subject to the Limitation of Liability in Section 13(b), and subject to
Provider's right to defend or settle any claim against Visa, Provider shall
indemnify, hold harmless and defend Visa from and against any and all losses,
claims, actions, mediations, arbitrations, injuries, damages, liabilities,
judgments, including reasonable attorneys' fees and costs which arise due to the
gross negligence, or intentional wrongful acts or omissions of Provider with
respect to this Agreement and/or the provision of the Services.

     (b)     By Visa.  Subject to the Limitation of Liability in Section 13 (b),
             -------
and subject to Visa's right to defend or settle any claim against Provider, Visa
shall indemnify, hold harmless and defend Provider from and against any and all
losses, claims, actions, mediations, arbitrations, injuries, damages,
liabilities, judgments, including reasonable attorneys' fees and costs which
arise due to the gross negligence, or intentional wrongful acts or omissions of
Visa with respect to this Agreement and/or the provision of the Services.

15.     Software.
        --------

     (a)     License to Participating Acquirers.  Provider may grant licenses to
             ----------------------------------
Participating Acquirers and merchants to use Provider proprietary software in
connection with the POS Check Service under terms that are at least as favorable
as provided to any other customer of Provider, taking into account similarity of
services and transaction volumes.

     (b)     Virus Warranty.   Provider warrants that as of the effective date
             --------------
of this Agreement, any or all software provided to Visa, Participating Acquirers
or merchants or used by Provider in connection with the provision of the
Services is and shall continue to be free of routine, program, "virus" or code
which has been intentionally designed or created to:  (i) allow unauthorized
access to, or use of, the software and related systems by any agent or employee
of Provider; or (ii) cause the software or other computer program or programs to
malfunction.  Subject to the limitations described in this Agreement, Provider
agrees to remedy or replace any software that is in breach of this Section
15(b), provided that Visa submits to Provider clear and convincing evidence in
support of its determination that such software as delivered contained a virus
or code.

     (c)     Year 2000 Compliance.  Provider represents and warrants that the
             --------------------
Services and deliverables resulting from Services shall:

               (i)  manage and manipulate all data involving dates, including
                    single-century formulas and multi-century formulas, and will
                    not cause an abnormally ending scenario within an
                    application, or result in the generation of incorrect values
                    involving such dates;

               (ii) include in all date-related user interface functionalities
                    and data fields a correct indication of century;

               (iii) include a correct indication of century in all date-related
                    functions; and

               (iv) comply with the following:

                    - none of the Services and deliverables resulting from
                    Services shall provide invalid or incorrect messages or
                    results when presented with or processing date-dependent
                    data; and


                                      F 24
<PAGE>
                    - each of the Services and deliverables resulting from
                    Services shall accurately recognize, manage, accommodate and
                    manipulate date-dependent data, including single and
                    multi-century formulas and leap years.

At Visa's request, Provider shall provide evidence sufficient to demonstrate
adequate testing of the Services and deliverables, which may include performing
testing with Visa, to meet the foregoing requirements.  However, this Section
shall not apply to third-party software and hardware that Visa has previously
approved, provided that Provider can demonstrate that the date problem lies with
the third-party products, and not the Services.

     (d)     Visa Option to License Software
             -------------------------------

          (i)     At  the  end of the Pilot Term or at any time thereafter, upon
thirty  (30)  days  written  notice,  Visa  shall  have the right to license the
proprietary  software used by Provider to provide the Services, enabling Visa to
provide  the  Services  itself.  This license shall be non-exclusive, perpetual,
and  worldwide,  and  shall  include  access  to  source  and  object  code,
documentation,  and  all intellectual property rights specific to the version of
the  software developed by Provider to provide the Services to Visa necessary to
enable  Visa  to  use  that  software  to  provide  the Services, and to modify,
enhance,  maintain,  or  sublicense  that  software. The form of license will be
negotiated by the parties at the time of Visa's election to exercise the option,
and will contain commercially-reasonable terms enabling Visa to use the software
for  Visa's  intended  use  described  above.

          (ii)     The  parties  will  negotiate  in  good  faith at the time of
Visa's  election  to  obtain  a  license a reasonable license fee, and at Visa's
option, a fee for maintenance services to be provided by Provider.  In the event
the  parties  are  unable to agree on a fair license fee and/or maintenance fees
for  the  software  within  fifteen (15) days after Visa's notice to Provider of
exercise  of  its  option  hereunder,  then  a  "Big 5" accounting firm or other
mutually  agreed  upon  party  that  is  familiar with the valuation of software
systems  licenses,  and  which  does  not  perform audits for either party, will
calculate  a  fair market price for a license fee and/or maintenance fee, within
fifteen  (15)  business  days  of  its engagement. Visa shall have the option to
obtain  a  license to the software and maintenance services under the amounts so
determined  within  ninety  (90) days after agreement between the parties on the
amount,  or  receipt  of  written  notice  of  the  amount  if determined by the
accounting  firm  as  described  above.


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<PAGE>
16.     Termination.
        -----------

     (a)    Visa.  Visa may immediately terminate this Agreement by giving
            ----
Provider written notice of termination if:  (i) Provider becomes insolvent or
makes an assignment for the benefit of its creditors or any proceeding is
commenced by or against Provider under any bankruptcy, liquidation or other
debtor's protection law or statute, and such proceeding is not dismissed within
sixty (60) days of its institution; (ii) within thirty (30) days of Visa giving
Provider written notice of Provider's non-monetary breach of this Agreement
including failure to meet Service Level Agreements (other than such breach as
described in subsection (iv), below), such breach is not cured; (iii) within ten
(10) business days of Visa giving Provider written notice of Provider's monetary
breach of this Agreement, the breach is not cured; (iv) if Provider violates any
material governmental law, regulation or rule (including without limitation
National Automated Clearing House Association ("NACHA") rules) applicable to
Provider; (v) upon a change of control of Provider; or (vi) without cause upon
sixty (60) days prior written notice to Provider.

     (b)     Provider.  Provider may terminate this Agreement as to Visa, any or
             --------
all Participating Acquirers or merchants, or all or any of any merchants'
locations, by giving Visa written notice of termination if (i) Visa becomes
insolvent or makes an assignment for the benefit of its creditors or any
proceeding is commenced by or against Visa under any bankruptcy, liquidation or
other debtor's protection law or statute, and such proceeding is not dismissed
within sixty (60) days of its institution; (ii) within thirty (30) days of
Provider giving Visa written notice of Visa's non-monetary breach of this
Agreement (other than such breach as described in subsection (iv), below), the
breach is not cured; (iii) within ten (10) business days of Provider giving Visa
written notice of Visa's monetary breach of this Agreement, the breach is not
cured; (iv) Visa violates any material governmental law, regulation or rule
(including without limitation NACHA rules) applicable to Visa; or (v) upon a
change in control of Visa.

     (c)     In the event of termination of this Agreement for any reason,
Sections 9, 10, 11, 12, 13, 14, 15(b), 15(c), 16(c), 17 and 18 shall survive
termination.  In the event of termination of this Agreement for breach by
Provider, the provisions of Section 15(d) shall also survive termination.

17.     Alternative Dispute Resolution.  Except as otherwise provided in Section
        ------------------------------
17(b), any dispute between Visa and Provider during the Term of this Agreement,
including billing disputes, shall be settled by the following procedures:

     (a)     Resolution By Negotiation.  Either Visa or Provider may send the
             -------------------------
other party written notice identifying the matter in dispute and invoking the
procedures of this Section.  Within fourteen (14) days after such written notice
is given, one or more principals of Visa and Provider shall meet at a mutually
agreeable location for the purpose of determining whether they can resolve the
dispute themselves by written agreement.  If necessary, the parties may escalate
the dispute within the management structure of each company.

     (b)     Appointment of Arbitrator.  If such Parties fail to resolve the
             -------------------------
dispute by written agreement, such Parties shall resolve the dispute in a
binding arbitration under the rules of the American Arbitration Association
("AAA").  Unless otherwise agreed by the Parties, such arbitration shall be
determined by three arbitrators:  one arbitrator selected by each Party and one
arbitrator selected by the other two arbitrators.  Nothing herein shall prevent
a party from seeking appropriate temporary relief from a court to preserve the
status quo pending completion of an arbitration pursuant to this Section 17(b).

18.     Miscellaneous Provisions.
        ------------------------

     (a)     Entire Agreement.  This Agreement, any exhibits or schedules
             ----------------
hereto, and the other documents delivered pursuant hereto constitute the final
and entire understanding and agreement between the parties with respect to the
subject matter hereof and shall supersede all prior negotiations,
understandings, representations and agreements between the parties relating to
the subject matter hereof.  No party shall be liable or bound to any other in
any manner by any representations, warranties, covenants and agreements except
as specifically set forth herein.  Nothing in this Agreement is intended to
confer upon any person, other than the parties hereto and their respective
successors, permitted assigns, heirs, legatees, executors and administrators,
any rights, remedies, obligations or liabilities under or by reason of this
Agreement, except as expressly provided herein.


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<PAGE>
     (b)     Compliance with Laws and Regulations.  The parties hereto agree to
             ------------------------------------
comply with all applicable laws and regulations, including without limitation,
such laws and regulations of federal, state and local governmental authorities
and the NACHA, as applicable.

     (c)     Further Assurances.  Subject to the terms and conditions expressly
             ------------------
set forth herein, the parties hereto shall use their best efforts to do and
perform or cause to be done and performed all further acts and shall execute and
deliver all other agreements, certificates, instruments or documents as any
other party may reasonably request in order to promote the intent and purpose of
this Agreement and the consummation of the transactions contemplated hereby.  No
party shall voluntarily undertake any course of action inconsistent with the
performance or satisfaction of the requirements applicable to it set forth in
this Agreement, and each party shall promptly do all such acts and take all such
measures as may be appropriate to enable it to perform as early as practicable
the obligations herein required to be performed by it.

     (d)     Authority to Execute.  The parties executing this Agreement hereby
             --------------------
warrant and represent that they are properly authorized to execute this
Agreement and bind the parties on behalf of whom they execute this Agreement to
all of the terms, covenants, and conditions of this Agreement as they relate to
the respective parties hereto.

     (e)     Amendments.  No modification, amendment or waiver of any provision
             ----------
of this Agreement shall be effective unless approved in writing by both parties.

     (f)     Severability.  If one or more provisions of this Agreement are held
             ------------
to be invalid, illegal or unenforceable under applicable law, portions of such
provisions, or such provisions in their entirety, to the extent necessary, shall
be severed from this Agreement, and the balance of this Agreement shall be
enforceable in accordance with its terms unless by such severance the parties
mutually agree that respective rights of both parties are materially altered, in
which case the party whose rights are so altered shall have the right
(exercisable within thirty (30) days after the determination of
unenforceability) to rescind this Agreement.

     (g)     General Construction.  The underlined headings contained in this
             --------------------
Agreement are for convenience of reference only and shall not be deemed to
explain, modify or aid in the interpretation or construction of the provisions
of this Agreement.  Each party hereto, and counsel for each party hereto, has
reviewed and revised this Agreement, and the normal rule of construction to the
effect that any ambiguities are to be resolved against the drafting party shall
not be employed in the interpretation or construction of this Agreement.  As
used in this Agreement, "includes" and "including" are not limiting; "or" is not
exclusive.

     (h)     Delays or Omissions; Cumulative Rights.  No delay or omission to
             --------------------------------------
exercise any right, power or remedy accruing upon any breach, default or
noncompliance under this Agreement shall impair any such right, power or remedy,
nor shall it be construed to be a waiver of any such breach, default or
noncompliance, or any acquiescence thereof or of any similar breach, default or
non-compliance thereafter occurring.

     (i)     Failure or Delay in Performance.  No party shall be liable for
             -------------------------------
failure or delay in performing its obligations hereunder if such failure or
delay is due to circumstances beyond the party's reasonable control, including
without limitation, acts of any governmental body, war, insurrection, sabotage,
embargo, fire, earthquake, flood, strike or other labor disturbance,
interruption of or delay in transportation, or inability to obtain raw
materials, supplies, or power used in or equipment needed for the performance of
the Provider Services; provided, however, that lack of credit, funds or
financing shall not be considered a matter beyond the reasonable control of the
party.  Each party shall (i) promptly notify the other in writing of any such
delay or failure in performance, the expected duration thereof, and its
anticipated effect on the party expected to perform, and (ii) use its best
efforts to remedy such delay, except that no party shall be under any obligation
to settle a labor dispute.  In the event that the Provider Services are delayed
pursuant to this provision of the Agreement, the parties agree that Visa shall
not be obligated or charged for the Provider Services during any such period.
Notwithstanding the above, the other party shall have the right to terminate
this Agreement if the excused failure or delay continues for thirty (30) days
from the date that performance was first delayed.


                                      F 27
<PAGE>
(j)     Non-Assignment; Use of Subcontractors.  Neither party may assign this
        -------------------------------------
Agreement without the express prior written consent of the other party.
Provider may outsource or subcontract for the performance of any of its
obligations under this Agreement or the Services only with the prior written
consent of Visa, which consent shall not unreasonably be withheld.

(k)     Status of the Parties.  Nothing herein shall be construed to create a
        ---------------------
partnership, joint venture, franchise, employer-employee relationship.  No party
shall have the authority to commit or bind the other party without such party's
prior written consent.

(l)     Notices.  Except as expressly provided herein, all notices and other
        -------
communications required or permitted hereunder shall be given in writing and
shall be delivered in person, by telecopier or by overnight courier, and shall
be deemed to have been delivered upon mailing or sending the notice to the
addresses set forth below:


If to Provider:                    Electronic Clearing House, Inc.
                                   28001 Dorothy Drive
                                   Agoura Hills, CA  91301
                                   Attn:  Donald E. Dick

If to VISA:                        Visa U.S.A. INC.
                                   P.O. BOX 8999
                                   San Francisco, CA  94128
                                   Attn:  Elizabeth L. Buse
                                   650-432-7451

     with a copy to:               General Counsel at Visa address above


Any party may change its address for notice by providing notice to all other
parties as provided herein.

(n)     Pronouns.  All pronouns used in this Agreement shall be deemed to
        --------
include masculine, feminine and neuter forms, and the plural as well as singular
forms, as the context requires.

(o)     Counterparts.  This Agreement may be executed in any number of
        ------------
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one instrument.

(p)     Governing Law and Jurisdiction.  Any and all of the parties' obligations
        ------------------------------
hereunder shall be governed in all respects by the laws of the United States of
America and the State of California as it applies to contracts between
California residents, which are made and to be performed in California.  All
parties hereby submit to the exclusive jurisdiction and venue of the Superior
Court of the State of California for the City and County of San Francisco or the
Federal District Court for the Northern District of California for the purposes
of any legal action arising in connection with such obligations, the breach
thereof or the transactions contemplated herein, and agree that service upon
such party in any such action may be made by first class mail, certified or
registered, to the address set forth above.

(q)     Attorneys' Fees.  If any action (whether legal or equitable and whether
        ---------------
litigation or arbitration or some other proceeding) obligations hereunder
(including obligations to a third party beneficiary), the prevailing party (as
shall be determined by the court or other adjudicator) shall be entitled to
recover its reasonable attorneys' fees and costs of suit from the other party in
addition to such other relief as may be granted.

(r)     Non-Exclusive Agreement.  This is a non-exclusive Agreement.
        -----------------------

     IN WITNESS WHEREOF, the parties have entered into this Agreement as of the
date set forth above.
VISA U.S.A. INC., a Delaware corporation


Name:   Elizabeth Buse                         Name:   Donald E. Dick

Title:  Executive Vice President, Visa USA     Title:  President, RMRS Division
                                                       of ECHO


                                      F 28
<PAGE>
Date:                                          Date:

Attachments:
Exhibit A:     Description of Services
Exhibit B:     Pricing Schedule
Exhibit C:     Back Office, Customer Service and Other Support
Exhibit D:     Service Level Standards
Exhibit E:     Security Standards
Exhibit F:     Reporting


                                      F 29
<PAGE>

                                    EXHIBIT A

                             DESCRIPTION OF SERVICES

   (SEE ATTACHED BUSINESS REQUIREMENTS DOCUMENT WITH THE FOLLOWING TITLE PAGE)

                            National Payment System
                            Emerging Markets & Technologies
          VISA
    [Graphic Omitted]
                         August 2000







               POS CHECK SERVICE
               THIRD PARTY BUSINESS REQUIREMENTS


               VERSION 1.1

               Date: August 14, 2000



                                      F 30
<PAGE>
                                    EXHIBIT B

                                PRICING SCHEDULE

ECHO pricing to Visa for the Services will conform to the following schedule of
prices, subject to any changes to this schedule as provided for under Section
6.c, "Most Favored Customer Pricing Guaranty," of this Agreement. "Initial
Presentation" refers to pricing for both authorized and declined transactions.
Volume Tiers are expressed in forecast annual transaction volumes, and fees
payable each month will be calculated by multiplying the prior-month's
transactions by 12.


                                    EXHIBIT C

                 BACK OFFICE, CUSTOMER SERVICE AND OTHER SUPPORT

(Excerpt from "Visa PoS Check Service - Third Party Business Requirements,
version 1.1)

          2.11 CUSTOMER  SERVICE  -  CONSUMER
               46.  When  declining  a  transaction submitted for authorization,
                    Third  Parties  must  send  their company name, address, and
                    toll-free  telephone  number  (for the consumer to call with
                    any  questions about the reason for the decline) so that the
                    information  can be printed and given to the consumer at the
                    point  of  sale.
               47.  The  Third  Party's  toll-free telephone number and consumer
                    customer  support  operations  must  be  operational on a 24
                    hours  X  7  day  basis.
               48.  Third  Parties  are  responsible  for ensuring that customer
                    service  meets  legal  and  POS  Check  service  level
                    requirements.  (Third  Parties  may provide customer support
                    themselves  or  may contract with another third party entity
                    to  provide  it  on  their  behalf.)
               49.  Third  Party  customer  support  operations  must  provide
                    consumers  with  all information required by the Fair Credit
                    Reporting Act during the consumer's call; specifications may
                    be  found in the POS Check Service Technical Specifications.
               50.  Third  Parties  must  ensure  their  negative files are kept
                    up-to-date,  removing  negative  consumer  data  as  soon as
                    information  is obtained that the consumer has paid the item
                    in  question  and  has  returned  to  "good  standing".

          2.12 CUSTOMER  SERVICE  -  MERCHANTS,  ACQUIRERS,  AND  VISA
               51.  Third  Parties  must  provide  detailed transaction data and
                    other  customer service information to merchant POS and back
                    office personnel, and to acquirers and Visa, within 24 hours
                    of the time of a request. Live telephone support be provided
                    24  X  7  (reporting  to  Visa  not  for  Pilot).
               52.  Third Parties must be able to provide collection information
                    (a  physical  report  or electronic file) to the collections
                    organization  designated  by  the  merchant and/or acquirer.
               53.  Third  Parties  must  be  able  to provide the date and time
                    stamp  for  each  transaction.
               54.  Third  Parties  must store data so as to be able to recreate
                    transactions and access them based on Visa Tran ID, and must
                    meet all NACHA and Federal regulations governing storage and
                    retrieval  timelines.
               55.  Third  Parties  must  provide an online transaction research
                    tool  that  operates  on  a  24  X 7 basis that can retrieve
                    original  transaction information based on Visa's Tran ID or
                    the  ABA  and  checking  account  numbers.  The  transaction
                    research  tool  must, upon request, be made available to the
                    merchant,  acquirer,  and  to  Visa  (not  for  Pilot).


<PAGE>
               56.  The  Third  Party online research tool must provide security
                    and  access levels so that merchants can view only their own
                    transactions,  acquirers  can view only theirs, and Visa can
                    view  all  POS  Check  Service transactions processed by the
                    Third  Party  (not  for  Pilot).
               57.  Third  Parties  must  provide  a  tool  that  enables online
                    generation  of  resubmits.  The  tool  must  have  security
                    measures  and  offer  the ability to control which parties -
                    just  the  merchant,  just the acquirer, etc. - may generate
                    resubmits  (not  for  Pilot).
               58.  In  the event of a service outage, Third Parties must notify
                    Visa  and Acquirers no later than the next business day, and
                    must  be  able  to report on all known ACH transactions that
                    were  affected  by  the  outage.
               59.  Third  Parties  must  provide  research  services  for
                    administrative  returns and be able to act with drawee banks
                    to  close  open  items.
               60.  Third  Parties  must  provide training as necessary on their
                    own reporting tools and customer service procedures to Visa,
                    participating  Acquirers,  and  their  merchants.

          2.13 CUSTOMER  SERVICE  -  TECHNICAL
               61.  Third  Parties  must  provide  24 X 7 operations support and
                    escalation  procedures  so that key personnel may be reached
                    by  Visa  as  necessary.


                                    EXHIBIT D
                             SERVICE LEVEL STANDARDS

Services will be performed as detailed in this Exhibit AD to the Third party
Servicer Agreement.

1.   ECHO's  verification  system  will  be  available  99.5%  of  the time. The
     schedule  will  be maintained by ECHO and will be made available to Visa on
     request.  Any  downtime  will be logged by ECHO and the reason for downtime
     will  be  noted.

2.   ECHO  will  make  the  daily  ACH  submission  cutoff  99% of the time. The
     schedule  will  be maintained by ECHO and will be made available to Visa on
     request.  Any  failure  to  make  the cutoff will be logged by ECHO and the
     reason  for  failure  will  be  noted.

3.   All  first-line  consumer support and second-line merchant support calls to
     ECHO  will  be staffed 24 hours per day, seven days per week. Staffing will
     be  based  on  anticipated needs. Staffing levels will be evaluated and, if
     necessary,  adjusted  monthly.  answered  by  a  person,  not by voicemail.

4.   Merchant  Set-up will be complete within three (3) business days of receipt
     of  a  substantially  complete  request.

REMEDIES

1.   If, for any calendar month during the term of this agreement, ECHO fails to
     meet  the performance levels of 99.5% system availability, ECHO will reduce
     transaction fees for such calendar month to 95% of the per-transaction fees
     then  in  effect.  In  any  subsequent consecutive calendar month that ECHO
     fails  to  meet such service level, transaction fees will be reduced to 87%
     of  the  transaction  fees  then  in  effect  for  each such calendar month
     (without  reference  to  previous  reductions).

2.   If, for any calendar month during the term of this agreement, ECHO fails to
     meet the ACH cutoff time 99% of the time, ECHO will reduce transaction fees
     for  such  calendar month to 95% of the transaction fees then in effect. In


<PAGE>
     any  subsequent  consecutive  calendar  month  that ECHO fails to meet such
     service  level,  transaction fees will be reduced to 87% of the transaction
     fees  then  in  effect  for  each such calendar month (without reference to
     previous  reductions).

3.   If, for any administrative support call, ECHO fails to answer the call by a
     person,  ECHO  will  not  charge  Visa  with  any  related  support  fee.

4.   If ECHO fails to implement any new merchant within three (3) business days,
     ECHO will reduce its merchant set-up fees by $4 per day for each additional
     day.


                            DATA SECURITY STANDARDS

(Excerpt from "Visa PoS Check Service - Third Party Business Requirements,
version 1.1)


          2.17 SYSTEM  MAINTENANCE,  BACKUP,  AND  RECOVERY
               73.  Third  Parties  must  perform  a SAS 70 Review and provide a
                    copy  of  the  Review  to  Visa  on an annual basis (not for
                    Pilot).
               74.  Third  Parties must provide a Disaster Recovery Plan to Visa
                    and  Acquirer  customers that provides details on all backup
                    and  recovery measures and procedures. The Disaster Recovery
                    Plan  must  meet  minimum  Visa requirements as specified in
                    contractual  terms  with  Visa.
               75.  Third Parties must have a full "hot" backup for all systems,
                    software,  and  data  related  to the POS Check Service at a
                    separate  site.
               76.  Backup  systems  must have the same volume capacities as the
                    primary  system.
               77.  Third  Parties  must  perform  systems  maintenance  without
                    interrupting  the  POS  Check  Service.
          2.18 PUBLICITY  AND  DATA  SEGREGATION  AND  USAGE
               78.  All  data captured or retained by a Third Party on behalf of
                    Visa's  Check  Service  must be kept separate from data used
                    for  any  other  service  or  organization; except as in the
                    following:  Banks  and  Merchants  shall  be  the  sole  and
                    exclusive  owners  of  all  Transaction  data  generated  in
                    connection  with  using  the  Services.  ECHO  may  include
                    conventional  negative  file  information  for  all  of  its
                    ECHO-participating transactions in the NCIS database for use
                    by  all  NCIS  customers.  ECHO  may  include  conventional
                    transaction  Verification information from Visa customers in
                    the  NCIS  positive  database  for use by all NCIS customers
                    that  is  a standard function of ECHO's current Verification
                    service
               79.  All  data captured or retained by a Third Party on behalf of
                    Visa's  POS  Check Service must not be used for any purposes
                    without  agreement  from  Visa

                                    EXHIBIT F

                                    REPORTING

(Excerpt from "Visa PoS Check Service - Third Party Business Requirements,
version 1.1)

2.7  REPORTING


<PAGE>
37.  Third  Parties must provide detailed transaction reporting on a daily basis
     to  Visa  and to participating Acquirers and their merchants, in a standard
     electronic  format  as specified by Visa. Third Party reporting must enable
     full  reconciliation  of  all  new and previously outstanding items and the
     calculation  of funding amounts (reporting to Visa not required for Pilot).

38.  Third  Parties must meet Visa's cutoff times for providing reporting files,
     and  Visa  must  be  able  to  receive and retransmit the reporting data to
     VisaNet  endpoints  (not  for  Pilot).

39.  Third  Party  daily  transaction  reconciliation  reporting  for  Visa,
     participating  Acquirers,  and  their  merchants, must include detailed and
     summary  data  on the following (reporting to Visa not required for Pilot):
               a.   Authorizations  and  declines
               b.   Resubmits
               c.   ACH  exception  items
               d.   ACH  file  items  (totals and transaction detail for all new
                    transactions  and  resubmissions that made it into the day's
                    batches)
               e.   All  items  that  did  not  make the day's ACH files (due to
                    missed  cutoffs,  dollar  value  limitations,  etc.)
               f.   Returns
               g.   Draft  paper  items  for  original  POS  conversion  items
               h.   Collection  items
               i.   Settlement  balances  (broken  out  by  debits  vs. credits)
               j.   Fees  for  NSFs,  etc.
35.  Third  Party reporting must provide data that enables reconciliation to the
     terminal/lane  level.
36.  Third  Parties  must  provide  performance  reporting  that  measures  the
     attainment  of  service level standards as specified in contracts with Visa
     and  individual  acquirers.  Performance  reporting  areas  include:
               a.   System  availability;
               b.   Average  authorization  response  times;
               c.   Authorization  approval  and  decline  rates;
               d.   Rates  and  volumes  of  exception  items  including
                    administrative  returns,  resubmits,  chargebacks,  POS
                    reversals,  etc.
40.  Third Parties that contract with additional third party entities to provide
     portions  of  the  POS Check service are responsible for ensuring that Visa
     has  access to all required reporting from these additional entities. Third
     Parties are responsible for providing consolidated reporting of their data;
     Visa  shall  not be responsible for combining data from multiple sources on
     behalf  of  Third  Parties.
41.  Third  Parties  must  report  all  fraudulent items and activity per Visa's
     specifications  (not  for  Pilot).


<PAGE>