Skyline's DirectFED Payment Solutions Announces Eight Millionth Check 21 Transaction Processed In Second Quarter of 2010

LOS ANGELES, April 15 /PRNewswire/ -- Skyline's DirectFED Payment Solutions, formerly Skyline DATA, announced today that the company has processed its eight millionth Check 21 transaction through the Federal Reserve System and bank landing zones by using the company's Remote Deposit Capture (RDC).

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As the first company performing RDC, Skyline's DirectFED Payment Solutions allows clients to not only receive funds in as little as 12 hours but also, by extension, are able to improve the efficiency and profitability of their operations. After 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.

"We are very pleased to provide this growing level of service to our customers, and look forward to serving additional high volume clients with our redundant, scalable infrastructure," stated Jeff Korbin, Executive Vice President at Skyline's DirectFED Payment Solutions. "Our goals continue to be met with our customers and we are happy to provide our customers with the best solutions for their businesses."

Skyline's DirectFED Payment Solutions' simple software provides the capability to integrate checks into accounting with a single scan, and technical support is readily available to assist clients through any issues. Plus, 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.

In addition to their RDC system, the company also recently launched CheckAlt™, a proprietary e-check transaction processor engine that provides the fastest and most secure form of electronic payment for businesses. With CheckAlt™, customers pay directly from their bank account into the merchant's bank account.

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, visit www.directfed.com.

SOURCE Skyline's DirectFED Payment Solutions