US-based Diebold Incorporated has sold Diebold ERAS, Inc. to CheckAlt, LLC. Financial details of this transaction have not been provided.
Diebold ERAS is a leading provider of Check 21, compliant image-based check processing and remittance services to regional and community-based financial institutions throughout North America.
CheckAlt, LLC, based out of Los Angeles, provides a suite of payment and item processing solutions for financial institutions and merchants.
Diebold Incorporated, founded in 1859, is a global leader in providing innovative self-service technology, security systems and related services.
Oaklins' team in Cleveland served as the exclusive advisor to the seller in this transaction.
© 2018 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.