CheckAlt, a Check 21 Application Company Announces New Payments Reporting and Consolidation Solution
PR Newswire Association LLC |
CheckAlt Batch consolidates and reconciles all Check 21 items through one central reporting service for unified delivery to the bank's corporate processor or the Federal Reserve (FRB.) The solutions also auto detects any duplication across multiple origination points for improved accuracy, security and fraud prevention, and overall reporting. CheckAlt Batch enables what's essentially a 'single source of truth' for all the bank's Check 21 files across delivery channels.
The solution has already proven to be a valuable tool for financial institutions, including Reach (formerly Tyco)
The banking industry has changed in the digital and mobile age, with customers demanding from their financial institutions the ability to bank anytime, anywhere, and on any device. CheckAlt Batch helps banks better deliver on these demands by improving the way they capture and process payment data from multiple sources. "CheckAlt has always been committed to finding new ways to improve how community banks and credit unions process checks. Taking a consolidated approach to capturing all Check 21 files across end points we feel will soon become an industry best practice,"
For more information visit www.checkalt.com
About CheckAlt
CheckAlt is a Check 21 application company providing Remote Deposit Capture (RDC), eCheck services, and mobile payments. CheckAlt's clients include banks, credit unions, check cashers and MSBs (money service businesses), insurance companies, municipalities, utilities, and small and medium-sized enterprises.
CheckAlt delivers x9.37/ICL files to 200 + financial institutions daily and possesses the most robust integration tools in the industry. CheckAlt is the fastest way to move money with data.
SOURCE CheckAlt
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