CheckAlt Payment Solutions’ Partnership with ACH Federal is One to Bank On

 

Payment Processing Services Work Together to Provide the Complete Experience

New York, NY (AllPayNews) September 16, 2010 - The leading e-check and Remote Deposit Capture processor, CheckAlt Payment Solutions, announces a partnership with ACH Federal, a provider of Web-based ACH processing services to both banks and businesses. The newly developed alliance aims to supply merchants with a greater suite of tools to streamline their payment processing, as well as a referral system to enhance their business. Banks, credit unions and businesses are discovering that the coupling of CheckAlt Payment Solutions and ACH Federal is paying off, literally.

The agreement offers an exchange of referrals to CheckAlt Payment Solutions and ACH Federal clients. Clients processing Check 21 transactions through ACH Federal will be referred to CheckAlt Payment Solutions, while in turn, ACH Federal will hold as the recommended resource for CheckAlt’s clients’ ACH payments, processing and transaction needs. The outcome sets in place a complete system for businesses’ banking desires, offering a comprehensive toolbox that will simplify, protect and increase revenue for clients.

“The partnership between CheckAlt Payment Solutions and ACH Federal is one that is innate,” says Shai Stern, co-chairman of CheckAlt Payment Solutions. “Our services go hand in hand with the each other. The goal is to serve companies in their payment processing lends to an alliance that is a win-win for everyone involved. I look forward to a long and prosperous relationship with ACH Federal as a partner with CheckAlt Payment Solutions.”

CheckAlt Payment Solutions is implemented by both large and public companies, financial institutions, business-to-business merchants, professional service firms and many others. CheckAlt clients in low-risk markets will be referred to ACH Federal. Likewise, when dealing with related Check 21 or Remote Deposit services, ACH Federal clients will be directed to CheckAlt Payment Solutions. Clients of both will be bestowed with a 360-degree payment processing system.

“CheckAlt Payments Solutions is a well-respected industry leader and can provide our customers with an additional set of very important tools and value-added services,” said Russ Scudder, president of ACH Federal. “We believe the referral agreement will result in a large volume of transactions being processed by ACH Federal, continuing our strong business growth trend.”

Outdated banking methods are left in the dust. New solutions, such as those afforded by CheckAlt Payment Solutions and ACH Federal, are granting companies with greater flexibility, a higher level of security and increased bottom lines. The relationship between CheckAlt Payment Solutions and ACH Federal means money.

In addition to traditional ACH services, ACH Federal offers its customers a streamlined Web-based platform to securely process ACH transactions through a terminal that connects directly to the Federal Reserve utilizing the financial institution’s routing number. ACH Federal assists a wide array of financial institutions to mitigate risk, reduce costs and drive better organizational efficiency. The Web platform meets the highest security standards; dual file approval systems, multi-factor authentication and top-of-the-line data encryption technology for all transactions.

About CheckAlt Payments Solutions 
CheckAlt Payment Solutions is the leading payment processing company, allowing merchants to accept e-check or ACH payments, as well as use its patented remote deposit capture system to deposit funds from virtually anywhere in the United States. Founded in 2004, CheckAlt Payment Solutions stands as the first business-centric processor to perform Check 21 services. CheckAlt benefits its users by optimizing float time, reducing processing fees and providing significant back-office savings. Major enterprises, small businesses, non-profits, municipalities and all types of financial institutions are reaping the rewards afforded by CheckAlt Payment Solutions. Swift, simple and safe, CheckAlt is the smartest way to do business.For more information, visit www.checkalt.com.

About ACH Federal 
ACH Federal provides a simple and secure Web-based solution for banks and businesses to reduce the risk associated with electronic payments, while decreasing costs and increasing efficiency. ACH Federal was founded in 2007 by three accredited ACH professionals with vision for providing better ACH solutions and customized services to banks and small businesses. Today, the company's expert management team has more than 80 years of combined ACH industry experience including six Accredited ACH professionals (AAPs). For more information, visit www.achfederal.com.