CheckAlt Inclearing Services Endorsed by Users

LOS ANGELES, Jan. 13, 2011 /PRNewswire/ -- CheckAlt's Inclearing and Returns Processing Module has proven its power with CheckAlt's credit union clients.  "User-friendly" and "intuitive" are key attributes to its full-featured system.

Check 21 processing is a two way street for financial institutions.  Checks received from over the counter teller transactions and ATM collections need to be imaged and securely transmitted to the Federal Reserve Banks as X9.37 files.  In addition, Credit Unions wishing to be 100% image-enabled need to be able to manage incoming check files as well as have access to their archive of scanned, deposited checks.  The CheckAlt Inclearing and Returns Processing Module makes this all possible, and it is readily integrated with the Financial Institution's core system, home banking system, and statement generation system.

"We've been using the system for quite some time, and we love how it has made our processing simpler," said Denis Reilly of the New York Metro Federal Credit Union.  "We find it to be a robust solution that is also easy to use.  In just a few minutes every morning, we have all of our inclearing files and returns in an accessible format.  The inclearing module enables us to locate and review any checks from our members' accounts quickly.  We can also generate returns with just the click of a button by selecting from a drop-down menu of return reasons."

One of the newer users of their system is Right Choice Credit Union of Houston.  "We tell everyone in the local Credit Union community that the system really does deliver," according to Mike McWethy, Vice President of Branch Operations.  "With it we find daily procedures to be easy and intuitive.  Like all Credit Unions, we have to make the most of our resources, and this system minimizes the time it takes to manage the inclearing processing of checks and share drafts."  Because the recent installation of their system is so fresh in their mind, McWethy also commented on the deployment. "CheckAlt's technical team was extremely helpful with our team in installing the system with us.  With their help, we were able to integrate it completely with our core system."

About CheckAlt:

CheckAlt Payment Solutions is among the country's premier payment processing companies providing Check21 services allowing businesses nationwide to utilize its eCheck and patented Remote Desktop Capture (RDC) systems to improve their top and bottom lines.  The CheckAlt eCheck is the "email a check" solution that allows businesses from merchants and property managers to universities and non-profits to maximize cash flow and accounting accuracy.  CheckAlt's unique RDC empowers businesses such as credit unions and community banks by enabling them to locally deposit scanned checks virtually while reducing associated internet transaction processing costs.  Streamlined clients experience the benefits of receiving funds in less than 12 hours without having to change banks or accounting systems.  Swift, simple, and safe: CheckAlt Payment Solutions is the smartest way to do business.  Learn more at: www.checkalt.com.

SOURCE CheckAlt Payments Solutions