Skyline's DirectFED Payment Solutions Joins Forces with NACHA's PayItGreen Coalition to Educate Businesses and Consumers About the Environmental Benefits of Electronic Transactions

LOS ANGELES, April 23 /PRNewswire/ -- Skyline's DirectFED Payment Solutions encourages businesses and consumers to move from paper-based to electronic financial management by joining forces with PayItGreen, a coalition of financial services companies led by NACHA -- The Electronic Payments Association, at PAYMENTS 2010, NACHA's annual Conference in Seattle, Washington, April 25-28.

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Skyline's DirectFED, the industry's premier Remote Deposit Capture (RDC) software supplier and creator of CheckAlt™, the company's proprietary e-check transaction processor engine, has processed more than eight million checks totaling more than $6 billion in transactions.  The company's RDC system reduces the impact of paper checks by completing transactions electronically; and CheckAlt e-check payment service eliminates the use of paper altogether.

With CheckAlt, payments are safe and secure. Drawing on the strength of solid and reliable processing, coupled with unique risk management features, CheckAlt helps mitigate losses associated with accepting automated clearing house (ACH) transaction payments governed by NACHA.

"We recognize that our patented payment solutions offer businesses and consumers greater efficiency as well as green advantages," said Jeff Korbin, executive vice president of Skyline's DirectFED Payment Solutions.  "As part of our ongoing sustainability initiative, we have agreed to become a contributing member of NACHA's PayItGreen, supporting its mission to reduce paper's impact on the environment by promoting electronic billing, statements, and payments to further reduce the environmental impact of paper in the financial system."

If Skyline's DirectFED reaches its 2010 goal of one billion checks processed for its client base, the company would*:

• Save 36.9 pounds of paper and 442,800 trees
• Avoid producing 483.7 pounds of greenhouse gas emissions -- the equivalent of:
  • The emissions avoided by not consuming 24.7 gallons of gasoline
  • Planting two tree seedlings and allowing them to grow for 10 years
  • Preserving 24 square feet of forestland

*calculated with PayItGreen.org's calculator

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 PayItGreen

PayItGreen is a partnership between financial institutions, related financial industry service providers, and businesses of all sizes.  The mission of PayItGreen is to educate the country about the positive environmental impact of choosing electronic payments, bills, and statements over paper.  PayItGreen's educational and outreach efforts are supported by PayItGreen member fees.  Wells Fargo, Fiserv, J.P. Morgan, U.S. Bank, and The Clearing House/EPN are founding members of PayItGreen.  NACHA – The Electronic Payments Association is the managing partner.  Visit payitgreen.org for additional information.

SOURCE Skyline's DirectFED Payment Solutions