May 5, 2015 — FirstBank Florida Chooses CheckAlt for White Label Lockbox Solution
LOS ANGELS, CA (PRWEB) MAY 05, 2015
CheckAlt announced today it will provide its white label lockbox processing solution to FirstBank Florida to help them attract and retain high-value commercial and small business customer relationships.
“We are pleased to welcome FirstBank Florida to the CheckAlt family,” stated Shai Stern, co-chairman and CEO of CheckAlt. “We work closely with over 400 US financial institutions, including regional and community banks and credit unions to offer commercial and small business customers and members leading edge payment processing solutions. CheckAlt makes it easy for financial institutions to sell and on-board new customers and members which increase non-interest bearing deposit balances and create valuable long-term relationships.”
CheckAlt offers a suite of white label solutions to help win business. Payment processing and lockbox services incorporate both paper and electronic solutions. CheckAlt Lockbox can help commercial and small business customers drive efficiencies while giving financial institution sales teams a popular product to sell either independently, or combined with other deposit or credit products. CheckAlt Electronic Lockbox is a browser based technology which allows FI clients to capture checks and coupons themselves and submit them directly to CheckAlt for processing.
About FirstBank Florida
FirstBank Florida is part of FirstBank Puerto Rico. The $12 Billion asset size bank, with approximately $2 billion of those assets in South Florida, has been hiring, lending, and expanding their offerings over the last four years in a targeted and steady manner. The bank has 10 branches in South Florida and its regional headquarters are in Miami. In just the past four years, the bank has seen more than 68% loan growth, 33% deposit growth, 17% employee growth, and has added new branches as well. In Q4 of 2013, the South Florida Business Journal awarded two of its four total awards in Banking to FirstBank Florida. In October of 2011, FirstBank raised $525mm in fresh capital an amazing feat given the timing. More info: http://www.1firstbank.com or 305-577-6000.
CheckAlt is a leading provider of Check 21 application & processing solutions such as eChecks, Remote Deposit Capture (RDC), Mobile Payments, Lockbox and Item Processing. We help financial institutions improve processing efficiency, lower expenses and mitigate risk from all capture points. Our innovative white label payment solutions help financial institutions attract and maintain high-value commercial and small business customer relationships. We help all types of merchants who need an economical and more efficient way to get paid. Visit http://www.checkalt.com for more information.