Evertec Selects Item Processing Solutions from CheckAlt

Posted by PR Web on
Date: Dec 21, 2016 7:41:00 PM

December 21, 2016 — Evertec partners with CheckAlt to provide customers with a modernized and robust set of item processing tools designed to increase operational efficiency.

CheckAlt, a leading provider of treasury solutions and lockbox processing to financial institutions and corporate customers in the United States, announced today it has been selected by Evertec, Inc. (NYSE: EVTC) to provide Item Processing solutions.

CheckAlt delivers fast, efficient processing from all capture points (central, branch, remote, ATM and mobile) and backs it up with world-class support. Image capture solution consolidates items with advanced character recognition software ensures accurate check-to-image translation prior to data transfer. CheckAlt's solutions are scalable, browser-based, open architecture software designed to manage processing for low, medium and high volume institutions and is compatible with incumbent core banking software.

Speaking about this partnership, Philip Steurer, Chief Operating Officer of Evertec, said, “We are pleased to establish a business relationship with CheckAlt for our Item Processing as it represents a well-suited partner to strengthen our customer facing solutions as well as our back-end services. CheckAlt shares the same level of commitment to delivering top-notch services as we do, and we look forward to providing our customers with a reliable and effective product.”

“CheckAlt is honored to be selected by Evertec, such a highly regarded full-service transaction processing company,” said Shai Stern, CEO at CheckAlt “We believe we are a good fit with Evertec, as both organizations have very strong track records, are progressive and innovative companies committed to delivering a best in class service to our customers. This is another significant milestone in CheckAlt's strategy to grow our business globally through establishing and maintaining enduring partnerships with premier acquirers such as Evertec. We are determined to bring the weight of our experience and expertise to bear to ensure this is a success for Evertec and we look forward to working closely with them in the months and years ahead.”

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About CheckAlt 
CheckAlt is the largest independent provider of lockbox and treasury solutions in the country. CheckAlt’s solutions include lockbox processing across 14 locations nationwide, consolidated item processing, Omni channel integrated treasury solutions and mobile capture services. CheckAlt’s client base includes 600 financial institutions. CheckAlt is headquartered in Miami, FL. For more information, visit http://www.checkalt.com.

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About Evertec 
Evertec, Inc. (NYSE: EVTC) is a leading full-service transaction processing business in Latin America, providing a broad range of merchant acquiring, payment processing and business solutions services. The Company manages a system of electronic payment networks that process more than two billion transactions annually, and offers a comprehensive suite of services for core bank processing, cash processing and technology outsourcing. In addition, Evertec owns and operates the ATH® network, one of the leading personal identification number (“PIN”) debit networks in Latin America. Based in Puerto Rico, the Company operates in 18 Latin American countries and serves a diversified customer base of leading financial institutions, merchants, corporations and government agencies with “mission-critical” technology solutions. For more information, visit http://www.evertecinc.com.

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