Capital Retail Solutions Selects CheckAlt, LLC to Provide Check 21/Remote Deposit Applications to Customers

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May 17, 2013, 01:05 ET

LOS ANGELES, May 17, 2013 /PRNewswire/ -- Capital Retail Solutions, Inc. selects CheckAlt, LLC to provide Check 21/remote deposit applications to its check cashing and supermarket portfolio of customers.

CheckAlt offers its own front-end remote deposit solution as well as an API program that integrates into POS systems, which allows merchants to scan checks only once for deposits. Once the check is scanned and uploaded for deposit, CheckAlt delivers an x9.37 file/Image Cash Letter to the merchant's bank. CheckAlt does not touch or hold the money; the funds are delivered directly to the merchant's bank. CheckAlt currently delivers to 250 + financial institutions daily.

"Capital Retail Solutions, Inc. is pleased to expand its Check 21/remote deposit offering through our trusted partner, CheckAlt LLC. This integration gives us the ability to meet the high demand for remote deposit through the extensive banking relationships and advanced technology that CheckAlt brings to the industry," says William Souza, CEO of Capital Retail Solutions, Inc.

About CheckAlt
CheckAlt is a Check 21 application company providing Remote Deposit Capture (RDC), eCheck services, and mobile payments. CheckAlt's clients include banks, credit unions, check cashers and MSBs (money service businesses), insurance companies, municipalities, utilities, and small and medium-sized enterprises. CheckAlt delivers x9.37/ICL files to 250 + financial institutions daily and possesses the most robust integration tools in the industry. CheckAlt is the fastest way to move money with data.

www.checkalt.com

SOURCE CheckAlt