Checkspring Bank And Checkalt Payment Solutions Launch Transformational "Check 21" And Remote Deposit Transmission Service

Top Quote CheckSpring Bank now offers Remote Deposit Capture and Transmission to a variety of teller software programs through the innovation and drive of leading enterprise solution leader, CheckAlt Payment Solutions. End Quote
  • (1888PressRelease) September 20, 2011 - Today, CheckSpring Bank President Eric Pallas, and CheckAlt Payment Solutions CEO Shai Stern announced the launch of an innovative partnership to provide "Check21" compliant remote deposit transmission solutions to check cashing businesses. The solution allows check cashiers with "Check 21" compliant teller software to make high volume deposits to CheckSpring Bank with the simple click of a mouse.

    "CheckAlt's technology allows our customers to make a deposit with ease and they can verify immediately that it came through correctly," said CheckSpring Bank President Eric Pallas. "As a team we are at the leading edge: CheckAlt has an incredible drive to innovate and do things well, and we aim to offer the best pricing and service to the check cashing industry. Just as importantly, this software helps us meet our regulatory and compliance obligations, which sustains the service and allows us to expand our reach. We can now serve a wider variety of customers on multiple platforms. CheckSpring Bank is committed to serving New York area check cashiers conveniently, accurately and affordably. This is poof of our commitment."

    "CheckSpring Bank is a natural fit for us. We're eager to expand our innovative platform, and they are working hard to better serve their customers," commented CheckAlt CEO Shai Stern. "CheckSpring has shown that they can serve check cashiers in a challenging environment, and they are incredibly thorough. We look forward to the expansion of both our businesses in the New York City area."

    CheckSpring Bank is an FDIC insured, New York State chartered community bank, located in the Bronx, and dedicated to providing convenient and low cost banking services to business owners and consumers. CheckSpring Bank's dedicated check cashing department ensures one on one, responsive service, and industry tailored service.

    CheckAlt Payment solutions provides a patented Remote Deposit Capture platform which has revolutionized the way in which companies are processing deposits and payments.

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