Checkalt Selected as NAFCU Services Preferred Partner for Remote Deposit Capture

David C. Frankil

Shai Stern

WASHINGTON —NAFCU Services Corporation announced today that CheckAlt has been selected as the Preferred Partner for Remote Deposit Capture (RDC) solutions for credit unions. CheckAlt’s RDC solutions allow members to easily scan checks and transmit the scanned images and/or ACH-data to their credit union for posting and clearing. CheckAlt is a premier provider of automated and electronic check transaction processing solutions, including Remote Branch Capture (RBC) and Remote Teller Capture (RTC), and provides services in mobile capture, e-check services and merchant RDC.

“NAFCU Services is pleased to add CheckAlt to our vibrant list of preferred partners. CheckAlt specializes in remote deposit capture and works with a variety of hardware and processors that allow credit unions to quickly and easily add their solutions,” said David Frankil, NAFCU Services president. “CheckAlt provides a robust solution for RDC using a process that does not require expensive changes to processes, forms or data structures. Plus, CheckAlt has a full range of interfaces, which make adding their solutions as simple and easy.”

“CheckAlt’s solutions stay within the scope of Check 21. This allows us to completely dedicate ourselves to the RDC space and provide the best product and highest quality of service,” said Shai Stern, CheckAlt co-chairman and CEO. “We’re thrilled to be a Preferred Partner with NAFCU Services. This gives us the opportunity to educate credit unions and their members.”

NAFCU member benefits and other details of the partnership may be viewed at

To become a Preferred Partner, companies undergo a competitive RFP process and an extensive evaluation by the NAFCU Services Advisory Committee and Board of Directors, made up of NAFCU member credit union CEOs and senior executives.

About CheckAlt
CheckAlt Payment Solutions is among the country’s premier payment processing companies providing Check21 services, allowing businesses nationwide to utilize its eCheck and patented Remote Desktop Capture (RDC) systems to improve their top and bottom lines.  CheckAlt’s unique RDC empowers businesses such as credit unions and community banks by enabling them to locally deposit scanned checks virtually while reducing associated internet transaction processing costs.  Streamlined clients experience the benefits of receiving funds in less than 12 hours without having to change banks or accounting systems.  Swift, simple, and safe: CheckAlt Payment Solutions is the smartest way to do business. Learn more at:

CheckAlt eCheck is the “Paper Check Alternative,” a solution that enables businesses to generate electronic invoices straight from our online eCheck application. Customers simply enter their checking account bank routing number, check number and virtually sign the eCheck Invoice with a simple mouse click to authorize the transaction. This allows your business to collect funds electronically from your customer instead of – or in addition to – accepting credit cards and traditional paper checks. The CheckAlt eCheck is the “email a check” solution that allows businesses from merchants and property managers to universities and non-profits to maximize cash flow and accounting accuracy.  Learn more by visiting our website:

About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 29 Preferred Partner programs to the credit union community and maintains the credit union locator website For more information about NAFCU Services Corporation, please visit

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