Skyline's DirectFED Payment Solutions Announces CheckAlt(TM) as Payment for AlwaysOn OnDemand Conference

LOS ANGELES, April 19 /PRNewswire/ -- Skyline's DirectFED Payment Solutions, in conjunction with the AlwaysOn OnDemand conference, announced today that CheckAlt e-check online payments will be accepted as a form of payment for tickets to the prestigious conference. The OnDemand Conference will be hosted April 19-21 at HP Worldwide Headquarters in Palo Alto, Calif.

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CheckAlt, Skyline's DirectFED's proprietary e-check transaction processor engine that provides the fastest and most secure form of online electronic payment for businesses, is the company's most recent addition to its suite of payment solutions. With CheckAlt, customers pay directly from their bank account into the merchant's bank account. This eliminates waiting for 'checks in the mail,' trips to the bank, and paying credit card or wire transfer fees, while ensuring that funds are available to the merchant in approximately two banking days.

"AlwaysOn is eager to begin using CheckAlt due to its security and ease of use," said Marc Sternberg, President of AlwaysOn. "CheckAlt will allow us to ensure our guests a seamless, worry-free way to purchase their tickets, while we retain peace of mind, knowing such a reputable firm is handling the transactions."

CheckAlt payments are safe and secure, and draws on the strength of solid and reliable processing, coupled with unique risk management features, to help mitigate losses associated with accepting automated clearing house ("ACH") transaction payments.  CheckAlt's risk management procedures are specifically designed for each client, utilizing the client's unique risk "foot-print."

"We are thrilled to have the opportunity to conduct payment transactions for the OnDemand conference," stated Ksenya Medvedev, Product Manager of CheckAlt at Skyline's DirectFED Payment Solutions. "The conference is attended by hundreds of the leading members in the OnDemand computing ecosystem. It's a chance for us to showcase CheckAlt and its value in business-to-business transactions, which are so important in day-to-day operations."

In addition to CheckAlt, Skyline's DirectFED offers Remote Deposit Capture which allows clients to not only receive funds in as little as 12 hours but also, by extension, to improve the efficiency and profitability of their operations. The simple Check 21 software provides the capability to integrate checks into accounting with a single scan, backed by around-the-clock technical support. The company's efficient process results in the elimination of float and assessment fees, fast access to your capital and optimization of profits and funds availability.

After recently processing the eight millionth check totaling more than $6 billion in transactions, Skyline's DirectFED Payment Solutions continues to be the fastest growing check-processing company.

To learn more about CheckAlt or to enroll please visit www.checkalt.com.

About Skyline's DirectFED Payment Solutions

Founded in 2004, Skyline's DirectFED Payment Solutions is the first business-centric processor performing Remote Deposit Capture for a wide range of companies and organizations. Skyline's DirectFED was created to take advantage of the benefits created by Congress passing The Check Clearing for the 21st Century Act ("Check 21"). Our goals for our customers are to optimize float to their advantage, reduce bank fees and provide significant back-office savings by using the new laws and technology to their advantage. Our patented suite of products provides unique solutions for businesses that range from multinationals to small enterprises, not-for-profits, municipalities and all types of financial institutions. For more information on Skyline's DirectFED, visit www.directfed.com.

About OnDemand

AlwaysOn OnDemand is where the top Internet companies disrupting the enterprise square off with the incumbent players pioneering cloud computing and SaaS. This two-and-a-half day executive event features high-level debates on how the Internet is disrupting how companies -- from small businesses to large enterprises -- create, store, distribute, analyze, and take advantage of their mission-critical data. OnDemand also showcases the top entrepreneurial CEOs who are revolutionizing the way the enterprise is radicalized by the Internet.

About AlwaysOn

AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, OnDC, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen, GoingGreen East, and GoingGreen Europe. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.

SOURCE Skyline's DirectFED Payment Solutions