CheckAlt On Pace to Process Over 100M Transactions Worth More Than $100B in 2014

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Volumes Reflect CheckAlt’s Mid-Year Acquisition of ERAS Division from Diebold

CheckAlt, a provider of Check 21-based paper and electronic item and payment processing solutions, today announced that it is on pace to process more than 100 million transactions in the 2014 calendar year. These transactions represent the combined volume of CheckAlt and its ERAS division, which CheckAlt acquired from Diebold in June of this year. The total dollar value of these transactions processed by CheckAlt will exceed $100 billion, and represents transactions from more than 400 banks, credit unions and business customers from across the U.S.

“We’re incredibly proud of our ability to process this many transactions with such consistent quality and efficiency,” said Shai Stern, co-chairman and CEO of CheckAlt. “But it’s our dedication to the financial institutions and business that trust their item and payment processing to CheckAlt that I think truly sets us apart.”

Leveraging Check 21, CheckAlt processes items from all capture points across a financial institution, including branch, teller, ATM, remote deposit, and mobile capture. CheckAlt also provides consolidated receivables services for banks and credit unions to white label and offer to their business customers, including eChecks, lockbox, mobile payments, ePayments and more.

For more information about CheckAlt and its services, please 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.

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Josh Wendroff
CheckAlt
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