CheckAlt Releases 'Triple Value' Services for Credit Unions

Jan 11, 2011, 06:00 ET from CheckAlt

LOS ANGELES, Jan. 11, 2011 /PRNewswire/ -- Credit Unions looking to reduce costs and increase income will welcome CheckAlt Payment Solutions' new Triple Value service package that combines three valuable services according to Shai Stern, Co-Chair and CEO of the firm. "Since the inception of Check 21, our check scanning has made it possible for credit unions to deposit check images without having to depend on a Corporate Credit Union or a Commercial Bank," Stern said. "With our deep understanding of the Credit Union industry, we also know that Credit Unions are looking for ways to increase income and retain their members," Stern said. "That's where the second and third pieces of our Triple Value Package will benefit Credit Unions most."


For the Credit Union's internal check processing, CheckAlt's Check 21 solution offers a safe, flexible, efficient method of transmitting check images that additionally handles their members' inclearing checks.  Remote Deposit Capture (RDC) for business clients of the credit union is also available using the same software and supported by a customer service focused technical team.

The second part of the package, CheckAlt eChecks offers additional value to the Credit Union's business customers, offering a simple, convenient ACH product with e-invoicing and website payment options. CheckAlt's eCheck service was introduced for businesses that do not like to hear "the check is in the mail."

In addition, CheckAlt CEO Shai Stern is also Co-Chairman of VCorp Services which provides legal business filings.  Everything from LLC and corporate filing documents to local DBA announcements and other business formation services are available to the Credit Union's business clients at discounted rates.

CheckAlt offers profit sharing opportunities with the Credit Union, offering additional revenue as well as increased retention of small business clients.

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:

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