CheckAlt: More Than $4 Billion Processed In 2013

Los Angeles-based CheckAlt, the check and payments technology company headed by Shai Stern, said late last night that it processed over $4 billion dollars in transactions in 2013. The company did not say how that translates into revenues for the company. CheckAlt offers up Check 21 processing, mobile payments, services for financial institutions and financial services firms, and other related offerings. The company offers up its payments services to banks, credit unions, and businesses, allowing their customers to make deposits or payments from their mobile device or mobile wallet using an electronic check--which is cheaper and faster than ACH payments or credit card payments.