CheckAlt Launches New Product

Los Angeles-based CheckAlt, the Check 21 payments service headed by Shai Stern, said Monday that it has launched a new product aimed at credit unions and community banks. According to the company, it has launched a new payments reporting solution to process Check 21 files from multiple origination points, including ATMs, mobile, branch, merchant, and teller transactions. Check 21 is the industry standard which converts paper checks into electronically handled information, which cuts down on the manual handling of checks for financial institutions.