LOS ANGELES (PRWEB) November 20, 2020
CheckAlt, the largest independent provider of item and payment processing services in the U.S., and Banco Popular Puerto Rico (BPPR), the largest financial institution serving the U.S. territories of Puerto Rico, have extended and expanded their partnership to better serve the bank’s ATM users and create operational efficiencies with ATM Reconciliation services.
“We are delighted to deepen our great relationship with BPPR and provide additional value for processing and reconciling ATM deposits across its entire ATM network,” said CheckAlt’s Co-Chairman and CEO Shai Stern.
Resolving the arduous task of manually looking up cash and check deposits for reconciliation, CheckAlt’s ATM Reconciliation technology matches cash and check deposits against transaction processor data, quickly identifying mismatched deposits between systems. CheckAlt then provides four detailed reports to the bank: a matched transaction report, exception transaction report, other processed transaction report, and a transaction summary report.
"CheckAlt has been a longstanding partner for our bank, working closely with our team to add value for our customers and streamline operations,” said BPPR IT Supervisor Fernando J. Dávila Cedeño. “As more consumers use ATMs for contactless banking services, we recognized the value of creating operational efficiencies within our bank for cash and check deposit reconciliation. CheckAlt’s solution is helping us continue to provide excellent service for our customers."
CheckAlt EVP and Client Relationship Manager Jennifer Quinn has worked closely with BPPR over the years and through this partnership expansion. “In the many years I have been working with the team at BPPR, we have built a strong foundation of trust and commitment to the success of both organizations,” Quinn said. “We look forward to working with BPPR and continuing to provide great customer care.”
For more information on CheckAlt’s ATM solutions, visit https://www.checkalt.com/products/atm-capture/.
In the past 10 years, CheckAlt has become the leading provider of check payment processing solutions for hundreds of financial institutions across the country. As both bank agnostic and demographic agnostic, CheckAlt is uniquely positioned for payments convergence. It has been our focus to process check payments while also eliminating paper from the system with robust electronic payment APIs. CheckAlt’s solutions include lockbox processing across a nationwide hub-and-spoke network of processing sites, consolidated item processing, integrated treasury solutions, and mobile capture services. CheckAlt is headquartered in Los Angeles, Calif.