CheckAlt Selected by USF Federal Credit Union to Process ATM Check Deposits

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CheckAlt’s ATM Deposit Automation Solution Helps Credit Unions Improve Operational Efficiency

CheckAlt announced today a new partnership with USF Federal Credit Union to provide automated item processing for all of the credit union’s ATM check deposit transactions. USF Federal Credit Union operates six branches, serves over 48,000 members and has more than $500 million in total assets.

“We are pleased to help USF Federal Credit Union more efficiently process their ATM check deposit transactions,” said Shai Stern, co-chairman and CEO of CheckAlt. “Our automated item processing solution leverages Check 21 providing accurate, economical check clearing.”

CheckAlt ATM Processing automation works directly with image-enabled ATMs to efficiently process check images and data captured when customers make an ATM deposit. CheckAlt seamlessly consolidates these items into Image Cash Letter files for prompt and accurate clearing. Our clients can lower operational expenses and mitigate risk by employing this solution.

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About USF Federal Credit Union
USF Federal Credit Union offers a full range of financial services to the faculty, staff, students, alumni association members, and their families worldwide in addition to the organizations with employees on the campuses of the University of South Florida. USF FCU recently expanded membership to include employees of Darden Restaurants, Inc., Red Lobster employees and numerous businesses across the Tampa Bay area. Founded in 1959, USF FCU has over 48,000 members and more than $500 Million in assets. USF Federal Credit Union has six branch locations and participates in the Shared Services Network, which allows access to branch locations nationwide. Visit https://usffcu.org for more information.

About CheckAlt
CheckAlt is a leading provider of Check 21 application & processing solutions such as eChecks, Remote Deposit Capture (RDC), Mobile Payments, Lockbox and Item Processing. We help financial institutions improve processing efficiency, lower expenses and mitigate risk from all capture points. Our innovative white label payment solutions help financial institutions attract and maintain high-value commercial and small business customer relationships. We help all types of merchants who need an economical and more efficient way to get paid. Visit http://www.checkalt.com for more information.

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TL Brown
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