IDB-IIC Federal Credit Union Selects CheckAlt for Complete Item Processing Solution

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ATM, Branch Capture, Inclearings and Outgoing Returns Included in Complete Solution

CheckAlt today announced that it is now processing deposits for IDB-IIC Federal Credit Union, a new CheckAlt customer. IDB-IIC Federal Credit Union is a not-for-profit, financial service cooperative owned by more than 9,000 members of the Inter-American Development Bank (IDB) and Inter-American Investment Corporation (IIC) community. CheckAlt is processing all deposits made at IDB-IIC’s ATMs and branches, including inclearings and outgoing returns.

“Our ‘whole-bank’ processing solution for IDB-IIC is a great example of a client leveraging CheckAlt’s capabilities to drive efficient, integrated item processing,” said Shai Stern, co-chairman and CEO of CheckAlt. “IDB-IIC will be gaining additional processing visibility and efficiencies as we integrate their mobile RDC deposits into their processing stream in the coming weeks.”

By having a single item processing stream for all capture points within the financial institution, IDB-IIC can easily integrate their processing information into their core system, as well as take advantage of features such as duplicate detection across all of the credit union’s items.

For more information about CheckAlt’s Item Processing and Duplication Detection technology, please visit http://www.checkalt.com.

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.

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Josh Wendroff
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