CheckAlt to Accept Cryptocurrencies as an Acceptable Payment Method Starting with Bitcoin

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CheckAlt Extends Industry Leadership Position Through the Introduction and Acceptance of Cryptocurrencies

Beginning in early January 2018, CheckAlt clients who utilize any of the company’s various payment channels will have the capability to accept payments using Bitcoin. Clients who use CheckAlt’s Lockbox, Electronic Billpay, LoanPay, and CheckAlt’s Merchant Services (CAMS) channels will now have added capability of receiving Bitcoin as one of their forms of payment.

“Our goal is to continually be on the leading edge of payments technology,” said Shai Stern, CEO of CheckAlt. "Adopting blockchain and Bitcoin as the first in a series of efforts to make cryptocurrencies accessible to our large customer base is an important step towards that goal. We anticipate adding Ethereum and other cryptocurrency capabilities in short order as well.”

For customers who choose to pay with Bitcoin, they will utilize an API that will link to real-time Bitcoin market valuations and integrate that seamlessly with CheckAlt’s products, ensuring all appropriate payment information is captured. Whether it is a tenant paying rent, a homeowner paying their quarterly HOA fee, or a car lessee making a monthly payment, Bitcoin becomes an alternative payment option for these CheckAlt users.

Tamir Shafer, Managing Director of Business Development, added “Offering our clients the ability to add Bitcoin as a method of payment provides another important payment capability, and adds to our already robust feature-set across our many products.”

Customers have reacted with excitement at the possibility of adding this form of payment in addition to physical check, electronic and credit/debit card forms they currently utilize.

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About CheckAlt

CheckAlt is the largest independent provider of lockbox and treasury solutions in the country. CheckAlt’s solutions include lockbox processing across 14 locations nationwide, consolidated item processing, Omni channel integrated treasury solutions and mobile capture services. CheckAlt’s client base includes 600 financial institutions. CheckAlt acquired the ERAS subsidiary from Diebold, Inc. in 2014 and Klik Technologies, Corp. from MUFG Union Bank in 2016. CheckAlt is headquartered in Miami, Florida. For more information, visit http://www.checkalt.com.

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Allison Murray
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