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Electronic Clearing House Settles Lawsuit

Electronic Clearing House Inc., an electronic payment service in Camarillo, and its subsidiary XPRESSCHEX, Inc., have settled patent litigation with LML Payment Systems subsidiary LML Patent Corp. ECHO has agreed to license LML patents for electronic check conversion for direct consumers as part of the settlement. Both parties agreed not to file any other patent infringement claims in the U.S or Canada for the period through April 1, 2009. Specific financial terms of the agreement were not disclosed.

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