CheckAlt Payment Solutions Expands Reach to Credit Unions Through National Association of Credit Union Service Organizations Membership

LOS ANGELES, Jan. 4, 2011 /PRNewswire/ -- CheckAlt Payment Solutions, an industry leader in Remote Deposit Capture (RDC) service with its revolutionary patented technology, has joined the National Associate of Credit Union Service Organizations (NACUSO) to enhance communication and provide innovative, reliable solutions and services to its expansive credit union client base.

"As we continue to expand in the credit union industry, we understand the value of joining this renowned organization to help increase communication within NACUSO's vast membership," said Shai Z. Stern, Co-Chairman and CEO of CheckAlt Payment Solutions.  "CheckAlt simplifies Check21 solutions for credit unions both reliably and efficiently.  Many local credit unions are selecting our platform as a means to offer robust services to their business members while saving money and gaining more flexibility than a traditional relationship with a corporate credit union would afford.  By joining NACUSO we can inform a large number of organizations and NACUSO members of several of the benefits of our patented RDC solution by allowing them to take advantage of the latest technological advances without any upfront investment."

The CheckAlt RDC offers credit unions an in-house Check21 system that provides significant advantages over corporate providers and correspondent banks by enabling them to be image-enabled for remote deposits and to use Teller Capture to scan checks directly at the teller window.  Its patented process allows images to be securely stored locally and conveniently; they can be easily accessed on demand and efficiently uploaded securely to the Federal Reserve Banks in X.9 format.  Supporting single or multiple scan locations, CheckAlt's RDC solution facilitates faster cash flow often in as little as 12 hours, lowers upfront and operational costs, and simplifies returns processing and inclearings as well as integrates with existing credit union core processors.  

By Joining NACUSO, CheckAlt plans to attend and sponsor NACUSO events as well as to provide the best practices recommendations and data to NACUSO.

"On behalf of the Board of Directors, we are delighted that CheckAlt RDC is joining the NACUSO family.  CheckAlt provides innovative value added RDC services to small business owners, government entities, non-profit organizations, property management, homeowners associations, and more.  The company's enthusiastic approach to serving the industry blends well with NACUSO's demonstrated support of business services and collaborative business models.  We look forward to a long and mutually rewarding relationship with CheckAlt Payment Solutions," stated Michael G. Hales, Director of the NACUSO Board.

About NACUSO:

The National Association of Credit Union Service Organizations (NACUSO) was formed in 1985 to help credit unions explore the use of CUSOs and the delivery of non-traditional products and services. Over the years, NACUSO's focus has evolved to helping credit unions form multi-owned CUSOs and participate in collaboration and the cooperative business model.  NACUSO'S core purpose is to be the catalyst for instituting collaboration, innovation, and the reinvention of the Credit Union industry.

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.

For media inquiries and/or to arrange an interview, please contact Shai Stern at 310.417.1050 or [email protected] or Jhoana Darke at 310.846.0417 or [email protected].

SOURCE CheckAlt Payments Solutions