CheckAlt Powers Payments For

Los Angeles-based electronic payment technology provider CheckAlt is powering e-check payments for secondary gift card marketplace, the two said Monday. Financial details of the deal were not disclosed. The two said that the deal will enable customers to purchase gift cards on using CheckAlt's e-check technology. The companies said the use of e-checks saves a significant amount of money in transaction fees; as a result, is offering up a 2 percent discount on its gift cards to users who use the e-check process for their payments. CheckAlt is led by serial entrepreneur Shai Stern.