CheckAlt Selected by Payoneer for its eCheck Solution
Written by CheckAlt
August 27, 2015 — eCheck API Solution Significantly Improves Speed of Funds Availability Versus ACH
LOS ANGELES, CA (PRWEB) AUGUST 27, 2015
CheckAlt today announced a new partnership with Payoneer, a global leader in cross-border payments. Payoneer will use CheckAlt’s eCheck API solution to improve the speed by which it credits funds between business owners and professionals who are sending and receiving payments.
eChecks are processed in a Check 21 environment and do not utilize the ACH network. This approach means faster clearing, potentially fewer charge backs, simplified regulation and compliance. CheckAlt’s eCheck API easily integrates into existing websites, as well as desktop and mobile applications.
“CheckAlt is pleased to welcome Payoneer into the CheckAlt family,” said Shai Stern, co-chairman and CEO, CheckAlt. “Our eCheck API speeds up the availability of funds compared to ACH transactions, and it is less expensive than credit or debit cards. When you combine these benefits with our responsive Help Desk/Client Support team, you have a complete single-source partner.”
CheckAlt offers a comprehensive suite of item and payment processing solutions to help community banks and credit unions lower costs, improve efficiencies and expand their capabilities. Additionally, CheckAlt fosters disruptive innovation by investing in companies whose mission is to develop innovative FinTech solutions. Recent investments include Zipmark, Bankjoy, Fundomate and Street Invoice.
Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Google, Airbnb, Upwork and Getty Images rely on Payoneer’s mass payout services. With Payoneer’s fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000’s Financial Services companies. For more information, visit us at http://www.payoneer.com or follow us on Twitter and Facebook.
CheckAlt is a leading provider of financial technology solutions such as eChecks, Remote Deposit Capture (RDC), Mobile Payments, Lockbox and Image Item Processing. We help financial institutions expand their capabilities, improve processing efficiency, reduce costs and mitigate risk from all capture points. Our innovative white label payment solutions help financial institutions attract and maintain high-value commercial and small business customer relationships. We help all types of merchants who need an economical and more efficient way to get paid.