News

Ongoing Operations, CheckAlt partner on cloud-based share draft clearing

June 5, 2012

Hagerstown, Md.-based Ongoing Operations, a credit union service organization, and Ongoing Operations and CheckAlt Payment Solutions, an automated and electronic processing provider, recently announced a new partnership.

Under the agreement the CUSO will host CheckAlt's Check 21 platform within their secure, cloud-based infrastructure. OGO's cloud platform is designed to connect credit unions with vendors to address regulatory challenges ranging from security to disaster recovery.

"Anytime we can help a credit union vendor provide services more efficiently, new value is created for the entire industry," said Kirk Drake, CEO of Ongoing Operations. 

"Check 21 has allowed financial institutions to become more efficient. Our solutions take that efficiency to the next level with convenience for consumers and reduced risk for credit unions," said Shai Stern, co-chairman of CheckAlt.

For more on this topic, visit the deposits/check 21 research center.