Third Amendment to POS Check Third Party Servicer Agreement between Electronic Clearing House, Inc. and Visa U.S.A., Inc.

Summary

Electronic Clearing House, Inc. and Visa U.S.A., Inc. have amended their existing POS Check Servicer Agreement. ECHO will enhance its Visa POS Check processing system to support the Illinois Retail Merchant Association using specific terminals and to add support for Visa's POS Check Service to the ECHO TouchNet interface for university customers. Visa will pay ECHO fees for these enhancements, with payment due upon execution of this amendment. All other terms of the original agreement remain unchanged.

EX-10.53 5 doc4.txt EXHIBIT 10.53 THIRD AMENDMENT TO POS CHECK THIRD PARTY SERVICER AGREEMENT DATED DECEMBER 12, 2000 BETWEEN ELECTRONIC CLEARING HOUSE, INC. AND VISA U.S.A., INC. The POS Check Servicer Agreement ("Agreement") dated December 12, 2000 between the parties is amended as follows: 1. ECHO agrees to deliver to Visa an enhancement to its current Visa POS Check processing system to support the Illinois Retail Merchant Association (IRMA) utilizing the 4Access Communications Orion or Certicheck terminals. 2. ECHO agrees to deliver to Visa an enhancement to its current Visa POS Check processing system to add support for Visa's POS Check Service to the ECHO TouchNet interface for access to TouchNet's university customers. 3. Visa shall pay ECHO the following fees for these additional functions: 4. Payment Terms - upon execution of Third Amendment to the Agreement. 5. Except as amended herein, the terms and conditions of the Agreement dated December 12, 2000, and any subsequent amendments shall continue in full force and effect. The parties through their authorized representatives have executed this Third Amendment on the dates shown below, effective the latest such date. ELECTRONIC CLEARING VISA U.S.A., INC. HOUSE, INC.