MENLO PARK, Calif. Reach FCU has introduced CheckAlt’s Batch, which consolidates electronic files from multiple origination points such as ATMs, mobile, branch, merchant, and teller transactions.
"We have been a CheckAlt customer for years, and were looking to solve the problem of having to capture and reconcile so many different payment files across multiple end points,” said Christine Petro, president of the one-time Tyco FCU.
CheckAlt said Batch consolidates and reconciles all Check21 items through one central reporting service for unified delivery to the credit union’s corporate processor or the Federal Reserve. The company said the solution also auto detects any duplication across multiple origination points for improved accuracy, security and fraud prevention, and overall reporting.
