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CheckAlt Payment Solutions expands to CUs through NACUSO

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LOS ANGELES (1/6/11)--Remote deposit capture (RDC) service provider CheckAlt Payment Solutions has joined the National Association of Credit Union Service Organizations (NACUSO), expanding its reach within the credit union industry. CheckAlt remote deposit capture offers an in-house Check21 system that allows credit unions to use images for remote deposits and to use teller capture to scan checks at the teller window. CheckAlt RDC’s process allows images to be securely stored locally for on-demand access and uploading to Federal Reserve Banks. Supporting single or multiple scan locations, CheckAlt’s RDC solution facilitates cash flow, lowers upfront and operational costs, simplifies returns processing and check clearing, and integrates with existing credit union core processors. In joining NACUSO, CheckAlt said it will attend and sponsor association events and provide best practices recommendations and data to organization members.

Verafin CUs receive Gonzo Banker awards

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SCOTTSDALE, Ariz. (1/6/11)--Fraud and asset-liability management solutions provider Verafin was recognized along with other credit union individuals and organizations in the 2010 GonzoBanker Awards, presented by Cornerstone Advisors. Verafin, a CUNA Strategic Services provider based in St. John’s Newfoundland, Canada, was recognized with “The Big Mo’ (Momentum) Award for Ancillary Systems.” “This entrepreneurial group of Newfoundlanders is simply tearing up the fraud and AML market. Kudos to a 2003 startup that’s showing the big boys how to develop new cool stuff,” GonzoBanker said. The merger of Addison Avenue FCU, Palo Alto, Calif., and First Tech CU, Beaverton, Ore., was named the “Credit Union Deal of the Year.” “What a great shot fired over the bow for all credit unions to see that healthy, scale-driven mergers in the credit union industry could make sense,” GonzoBanker said of the merger. Randy Smith of Randolph-Brooks Federal CU, Universal City, Texas, was named Banker of the Year in the credit union category. Dave Serlo, former CEO of PSCU Financial Services, St. Petersburg, Fla., a credit union service organization (CUSO) was named “CUSO Executive Who Will Be Missed the Most.” Serlo died June 25. The “Core Deal of the Year” in the credit union category was awarded to Patelco CU, San Francisco, and Acumen, Brookfield, Wis.-based Fiserv’s newest account processing solution.