CheckAlt, CU Wireless and iParse Selected by Down East Credit Union for Mobile Remote Deposit Solution

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Leading Solution Providers Power Anytime, Anywhere Mobile Check Deposits

Today, industry partners CheckAlt, CU Wireless and iParse announced that its joint mobile deposit solution was selected by Down East Credit Union enabling their members to deposit checks using their smartphones. Down East Credit Union serves members in eight Maine counties, as well as the town of Brunswick and Harpswell in Cumberland County.

“The financial services industry is continuously being disrupted by technology introduced by players who want to gain market share from credit unions,” said Shai Stern, co-chairman and CEO, CheckAlt. “CheckAlt and its partners help credit unions hold on to market share and remain competitive by providing innovative and cost effective FinTech solutions.”

In addition to this solution, CheckAlt is a single-source partner for item processing and white-label payment solutions which help credit unions more efficiently process items from all capture points; ATM, Branch, Teller, Remote and Mobile devices. In addition, our white-label payment solutions help credit unions expand their capabilities and win market share by attracting new business/commercial members.

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About CheckAlt
CheckAlt is a leading provider of financial technology 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 expand their capabilities to 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.

About iParse
iParse is a mobile banking technology provider, developing innovative smart phone applications for the financial services industry including the patented Point and Capture technology which recognizes checks and captures their image automatically.

About CU Wireless
CU Wireless is a 100% credit union owned CUSO based in Salem, Oregon. CU Wireless offers mobile services to credit unions and members throughout the United States through innovative technologies and partnerships.

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TL Brown
CheckAlt
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