ItalBank International Expands Partnership with CheckAlt

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Partnership Services Include CheckAlt’s Branch Capture, Inclearings processing and CheckAlt Archive.

CheckAlt, a leading provider of innovative item and payment processing solutions to financial institutions and corporate customers in the United States, announced today its partnership expansion with ItalBank international. CheckAlt will now process all deposits made at ItalBank’s branches, including inclearings processing and CheckAlt Archive. The renewal agreement also includes ItalBank continuing to offer CheckAlt’s Business Capture solution to ItalBank’s business customers.

CheckAlt’s Branch Capture consolidates the item processing stream within the back office, deploys quickly to multiple locations streamlining back office processing. CheckAlt’s inclearings service provides financial institutions with complete end-to-end image capabilities and streamlines return decisioning. CheckAlt Archive allows financial institutions to retain all images from all applications as well as their inclearing items indefinitely.

CheckAlt Remote allows merchants to deposit funds quickly right from their desktop, improve corporate cash flow, simplify operations and reduce back-office handling expenses. The RDC solution is available immediately to ItalBank’s business clients. For more information about ItalBank’s RDC, please visit Italbank.com

“We are always looking for ways to improve our operational efficiencies and deliver more value to our customers,” said Rogelio Cardozo, Managing Director of ItalBank. “The CheckAlt Remote solution fits perfectly with our online bank model. Our commercial account holders can deposit checks quickly and easily from their office or other remote location. This allows us to extend our footprint right to our clients’ desktops, with a product that is simple and yet powerful.”

“CheckAlt is thrilled to expand our partnership with ItalBank” said Shai Stern, CEO at CheckAlt “We are honored to help ItalBank intelligently process deposits, with advanced recognition to reduce exceptions and automate processing.”

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About CheckAlt 
CheckAlt offers best of breed Check 21 solutions nationwide. These solutions include consolidated item processing, lockbox processing and white label solutions, such as CheckAlt Remit, LoanPay and Mobile Business Capture. CheckAlt has recently acquired Klik Technologies and now has a total of 300 employees, over 600 clients, 9 offices nationwide. CheckAlt is headquartered in Miami, FL. For more information, visit http://www.checkalt.com.

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About ItalBank International
ItalBank International Inc., headquartered in San Juan, Puerto Rico is an international bank mainly focused on the Latin American market and one of the most important international banking entities in Puerto Rico. ItalBank offers Interest Checking Accounts, Certificates of Deposit, and Debit Cards as well as Commercial Loans, Trade Finance and Investment Property Secured Loans. For more information, visit http://www.italbank.com

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Moshe Goldshtein
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