Direct Fed Payment Solutions Emerges as the Premier Check Processing Alternative at Credit Union National Association Government Affairs Conference

LOS ANGELES, Feb. 26 /PRNewswire/ -- Offering the same revolutionary, patented technology with a new corporate name, Direct Fed Payment Solutions, formerly Skyline's DirectFED, re-launched at the Credit Union National Association Government Affairs Conference in Washington, D.C., February 21 - 25.

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"The response to our remote deposit capture software was phenomenal," said Ken Buren, Vice President of Sales at Direct Fed Payment Solutions. "Many of the credit union representatives that I spoke with expressed a growing need to find alternatives to the corporate system when dealing with the Federal Reserve. They were impressed with our ability to electronically scan and verify checks from anywhere in the world and deposit them directly into the Federal Reserve Bank."

Having processed more than seven million checks totaling more than $6 billion in transactions, Direct Fed Payment Solutions is the fastest-growing check-processing company servicing credit unions. Direct Fed Payment Solutions' Remote Deposit Capture allows credit unions to compete with larger banks by offering them the ability to become image-enabled without any capital investment, protect current customers and obtain new clients without needing to build new branches. Plus, the company's efficient process results in the elimination of float and assessment fees, fast access to your capital and optimization of profits and funds availability.

By utilizing Direct Fed Payment Solutions, clients not only receive funds in less than 12 hours but also, by extension, are able to improve the efficiency and profitability of their operations. In addition, Direct Fed Payment Solutions' simple software provides the capability to integrate checks into accounting with a single scan, and technical support is readily available to assist client through any issues.

About Direct Fed Payment Solutions

Direct Fed Payment Solutions was founded as Skyline's DirectFED in 2004. The company is the first business-centric processor performing Remote Deposit Capture for a wide range of companies and organizations. Skyline's DirectFED was created to take advantage of the benefits created by Congress passing The Check Clearing for the 21st Century Act ("Check 21"). Skyline's DirectFED goals for our customers are to optimize float to their advantage, reduce bank fees, and provide significant back-office savings by using the new laws and technology to their advantage. Our patent-pending suite of products provide unique solutions for businesses that range from multinationals to small enterprises, not-for-profits, municipalities, and all types of financial institutions. For more information, visit www.directfed.com.

SOURCE Direct Fed Payment Solutions