Following its formation in 2011, the first phase of the ECACH was first implemented in 2014 to process cheques electronically. This was followed in 2018 by the addition of Electronic Funds Transfer services to facilitate faster, safer and more efficient payments between persons and businesses across the Eastern Caribbean Islands.
“We connect the world through easy, secure and affordable payment solutions”
“To enable the adoption of innovative payment solutions through stakeholder awareness”
The economies across the ECCU rely on the safe and efficient exchange of millions of dollars each day. The ECACH ensures that these financial transactions are carried out efficiently, safely and securely to meet the needs of individuals, businesses, governments and financial intuitions across the currency union. Our services ensure efficient cheque clearings, electronic funds transfers and other support services to facilitate purchase of goods and services, financial investment and funds transfers from one person to another.
In 2021, about 6.5 million payments, valued at more than $28 billion were exchanged and settled via the ECACH.
The leadership team of the ECACH provides strong leadership and effective management of the ECACH. They set the strategic direction and oversees the day to day performance of the ECACH systems and operations to ensure it continues to meet the needs of stakeholders.
The Directors are chosen from Senior Leaders within the shareholding member organisations, representing the ECCB and Commercial Banks across the currency union. These financial services professionals bring to the table many years of operational, financial, risk management and strategic leadership experience that guides the direction, strategy and evolution of the ECACH.
The Management Team coordinates the day-to-day operations of the ECACH as defined by the Board of Directors. They promote efficiency, risk management, and operational excellence throughout the ECACH infrastructure. The team also supports the board in planning and executing the strategy of the ECACH.