DirectFED to Re-Launch as Direct Fed Payment Solutions at Credit Union National Association Government Affairs Conference

LOS ANGELES, Feb. 16 /PRNewswire/ -- Offering the same revolutionary, patented technology with a new corporate name, Direct Fed Payment Solutions will be exhibiting at the Credit Union National Association Government Affairs Conference in Washington, D.C., February 21 - 25.

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.

"Our technology allows credit unions and community banks to become image-enabled with a very nominal capital investment," said Ken Buren Executive Director at Direct Fed Payment Solutions. "Our branch and remote deposit capture software enables credit unions to electronically scan and verify checks from anywhere in the world and deposit them directly into the Federal Reserve Bank. Our efficient process results in the elimination of float and assessment fees, fast access to your capital and optimization of profits and funds availability."

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.

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.

"The best features Direct Fed Payment Solutions offers are the ability to clear funds the very next day and the ability to receive returns back within 48 hours," said Nicole Berrios, Vice President of Operations of Rutgers Federal Credit Union. "Direct Fed Payment solutions eliminates costs and provides better access to our deposits. Their staff is very helpful, and they provide a quick response regarding technical support as well."

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