CheckAlt to Feature New LoanPay API at Money 20/20 Conference in Las Vegas

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Payment and Item Processing Solutions for Financial Institutions, Merchants and Developers Also On Display at Booth #1221

CheckAlt today announced that it would be featuring its new CheckAlt LoanPay API at the upcoming Money 20/20 Conference in Las Vegas, NV, on Nov. 2-5, at booth #1221. The CheckAlt LoanPay API gives Financial Institutions a powerful, customizable means for accepting loan, mortgage and credit card payments from their own website or mobile banking platform, with next day crediting of funds.

CheckAlt will also be featuring its eCheck API for payment platforms and merchants at the event. The CheckAlt eCheck API allows any business or developer to add eCheck capabilities to their web site or mobile platform quickly and easily, and start processing low cost eCheck payments. Like the LoanPay API, payments processed through the CheckAlt eCheck API are credited next day. Additionally, both the LoanPay and eCheck payments can reduce disputes because they appear on the customer’s statement as a check image with all of the associated payment information, unlike ACH payments which contain little information about the transaction.

“Payment processing should not be a barrier to the efficiency or growth of a financial institution or company that wants to conduct business online or via mobile,” said Shai Stern, co-chairman and CEO of CheckAlt. “With the CheckAlt LoanPay and CheckAlt eCheck APIs, we’re making it easy for banks, credit unions, businesses and developers to integrate eChecks into their online and mobile properties, without sacrificing any control or compromising the customer experience.”

In addition to the LoanPay and eCheck APIs, CheckAlt will be talking with financial institutions and merchants at the conference about its other payment and item processing solutions. CheckAlt works closely with over 400 US financial institutions, including regional, community, and local banks as well as credit unions of all sizes, to quickly, easily and intelligently process deposits, with advanced recognition to reduce exceptions and automate check processing. CheckAlt also makes it easy for financial institutions to sell and on-board new business customers with payment solutions that help banks and credit unions land new customers, grow deposit dollars and create stronger relationships with their clients.

To find out more about CheckAlt, the CheckAlt LoanPay API, or CheckAlt eCheck API, please visit booth #1221 at Money 20/20 in Las Vegas on Nov. 2-5, 2014, or visit http://www.checkalt.com.

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About CheckAlt
CheckAlt is a Check 21 application and processing provider. CheckAlt assists financial institutions in more efficiently processing their items from all capture points within the bank or credit union, and in attracting and retaining business customers with innovative white label payment solutions. Additionally, CheckAlt offers easy-to-integrate APIs for mobile and web developers that want to accept Check 21 payments. Products include eChecks, Item Processing, Remote Deposit Capture (RDC), Mobile, eCommerce, and Lockbox Services. Find out more about CheckAlt at http://www.checkalt.com.

About Money 20/20
Money20/20 is the world’s largest event enabling payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 7,000+ attendees, including more than 600 CEOs, from over 2,250 companies and 60 countries, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend and borrow money. The next Money20/20 will be held on Nov. 2-5, 2014 in Las Vegas, and will be preceded by the Money20/20 Hackathon, which runs Nov. 1-2. To learn more about Money20/20, visit http://www.money2020.com.

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Josh Wendroff
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