CheckAlt expands partnership with Banco Popular Puerto Rico

By Pavithra R

CheckAlt, a leading independent provider of lockbox and treasury solutions in the United States, and Banco Popular Puerto Rico (BPPR), a financial institution serving the U.S. territories of Puerto Rico, have expanded and extended their partnership to better serve the bank’s ATM users and create operational efficiencies with ATM Reconciliation services.

“We are delighted to deepen our great relationship with BPPR and provide additional value for processing and reconciling ATM deposits across its entire ATM network,” said CheckAlt’s Co-Chairman and CEO Shai Stern.

CheckAlt’s ATM Capture provides integrated, real-time processing of deposits. ATM reconciliation is complementary to CheckAlt’s ATM Capture product. Its ATM Reconciliation technology matches cash and check deposits against transaction processor data, and quickly identifies mismatched deposits between systems. The FinTech then provides 4 detailed reports to the bank: a matched transaction report, exception transaction report, other processed transaction report, and transaction summary report.

“CheckAlt has been a longstanding partner for our bank, working closely with our team to add value for our customers and streamline operations. As more consumers use ATMs for contactless banking services, we recognized the value of creating operational efficiencies within our bank for cash and check deposit reconciliation. CheckAlt’s solution is helping us continue to provide excellent service for our customers,” said BPPR IT Supervisor Fernando J. Dávila Cedeño.

CheckAlt’s ATM Capture is available as a stand-alone product or as part of CheckAlt’s Item Processing product suite. The firm is certified with all major vendors including Cummins Allison, Diebold, Nautilus Hyosung, Source Technologies and NCR Corporation.

Founded in 2004, CheckAlt delivers item processing and treasury management solutions for financial institutions and business clients in the U.S., representing a variety of industry sectors, including property management, healthcare, utilities, municipalities, nonprofit, higher education, and small business. It is a leading independent provider of ATM processing with more than 3,000 active terminals nationwide.