Electronic Clearing House reported yesterday that revenue for the quarter ending September 30th was up more than 28% to $11 million. The processor also reported net income of $518,000 for the quarter, compared to a net loss one-year ago. Bankcard processing and transaction revenue increased 21% to $8.5 million. The increase was primarily due to its merchants’ strong organic growth in bankcard processing volume. Check-related revenues increased 62% to $2.5 million, primarily due to strong growth in the ACH and check conversion services and the revenue generated from the “VISA POS” program. ECHO says a national retail merchant fully implemented the new VISA program in June. ECHO also noted that gross margins from processing and transaction services jumped to 38% in the quarter from 28% in the year-ago quarter. For complete details on ECHO’s latest performance visit CardData ([www.carddata.com]).