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The History of the ECACH

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.

2011

Formation

The Eastern Caribbean Automated Clearing House Services Incorporated (ECCACHSI) company was formed as a joint initiative between the Eastern Caribbean Central Bank (ECCB) and Commercial Banks in the Eastern Caribbean Currency Union (ECCU), to implement the Eastern Caribbean Automated Clearing House (ECACH).
2014

Launch

The ECACH was launched and rolled out across the ECCU, offering Commercial Banks a more secure, faster and more efficient payment transfer system to exchange cheques electronically.
2018

Electronic Funds Transfers

Electronic Funds Transfers (EFT) were implemented to allow same-day payments between individuals and businesses across the ECCU territories.
2021

Transition

The ECACH will continue to evolve to serve the banking needs of the ECCU, with new productions and services such as Direct Debits and faster payments on the roadmap.
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Our Vision

“We connect the world through easy, secure and affordable payment solutions”

“To enable the adoption of innovative payment solutions through stakeholder awareness”

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Our Mission

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What We Do

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.   

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ECACH Leadership

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.

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ECACHSI Directors

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.

Donald Thompson

Chairman

Ladesa James-Williams

Idris Fidela Haynes

Richard Medford

Trevor Brathwaite

Joanna Charles

Tracy Benn-Roberts

Gordon Julien

Corporate Secretary

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ECACHSI Management Team

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.

Philomena Lee

General Manager

Georgina Ollivierre

Operations Officer