CheckAlt, CU Wireless and iParse Power Mobile Deposits for First Illinois Credit Union

Today, industry partners CheckAlt, CU Wireless and iParse announced their joint mobile deposit solution was selected by First Illinois Credit Union enabling members to deposit checks using their smartphones.

“Mobile capabilities have never been more important to the overall satisfaction of credit union members,” said Shai Stern, co-chairman and CEO of CheckAlt. “Remaining competitive while the financial services world is disrupted by technology is critical for every Credit Union. CheckAlt is your single source partner for leading edge tech solutions.”

New technology reduces cost and risk. In addition to mobile RDC, CheckAlt offers ATM Processing automation which works with image-enabled ATMs to efficiently process check images and data captured via ATM deposits. CheckAlt seamlessly consolidates these items into Image Cash Letter files for prompt and accurate clearing. Clients deploying this solution have lowered operations expenses and the risk associated with this capture point.

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About CheckAlt
CheckAlt is a leading provider of financial technology solutions such as eChecks, Remote Deposit Capture (RDC), Mobile Payments, Lockbox and Item Processing. We help financial institutions improve processing efficiency, lower expenses and mitigate risk from all capture points. Our innovative white label payment solutions help financial institutions expand their capabilities to attract and maintain high-value commercial and small business member relationships. We help all types of merchants who need an economical and more efficient way to get paid. Visit for more information.

About iParse
iParse is a mobile banking technology provider, developing innovative smart phone applications for the financial services industry including the patented Point and Capture technology which recognizes checks and captures their image automatically.

About CU Wireless
CU Wireless is a 100% credit union owned CUSO based in Salem, Oregon. CU Wireless offers mobile services to credit unions and members throughout the United States through innovative technologies and partnerships.

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