CA-based Electronic Clearing House reported revenues for the quarter ending September 30th of $8.6 million, a 9.5% increase from $7.8 million in the same period last year. The net loss for the quarter was $207,000, as compared to a loss of $37,000 in the same quarter of 2001. The net loss was attributable to a combination of factors, including a write-down of $80,000 in inventory, increased expenses related to the development of the “Visa POS Check Services” program, higher net interest expense and lower gross margin. The processor also announced that it named Alex Seltzer as CIO and COO. For complete details on ECHO’s 3Q/02 report visit CardData ([www.carddata.com]).