"This is a tremendous opportunity. We know there are many credit unions that want to offer their members the ability to scan deposit checks but they had thought the solutions out there are too complicated or too expensive," said Shai Stern, CEO of Los Angeles-based CheckAlt Payment Solutions.
CheckAlt recently joined NACUSO, a step Stern hopes will demonstrate the company's commitment to pursuing credit unions.
He added: "We already serve close to 100 credit unions. We have processed nearly 15 million paper check deposits in the five years we have been in business."
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