How Banks Can Capture 100% of Client Receivables Regardless of Payment Method

Author: CheckAlt
Date: Aug 16, 2018 2:27:16 PM

To remain competitive in our tech-driven economy, businesses want to provide their customers the freedom to pay for products and services utilizing any method. Those businesses are choosing banks that make it easy for them to view and manage every electronic and paper payment they receive.

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3 Ways Remote Deposit Capture Can Increase Business Efficiency

3 Cost-Efficient Lockbox Outsourcing Models That Meet Banks’ Evolving Needs

Author: CheckAlt
Date: Aug 14, 2018 2:42:00 PM

Declining check volume. Mail delivery delays. Economic pressure to cut operational costs. These are just some of the reasons banks across the U.S. are outsourcing their lockbox processing.

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How Mobile Solutions Can Help Improve Cash Flow

Credit Union Trends in 2018

Author: CheckAlt
Date: Aug 6, 2018 5:48:55 PM

A decade after the global financial crisis, the steady growth seen in the financial sector should be viewed with cautious optimism. Credit unions must stay laser-focused on pivoting toward digital transformation to manage evolving risks, push efficiency, and actually benefit from current growth opportunities—before the economy changes course.
 

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How This One Solution Is Bringing Credit Unions Into the 21st Century

Author: CheckAlt
Date: Aug 6, 2018 5:40:11 PM

Customer expectations are advancing faster than ever before. They don’t have the time or patience to be slowed by dated technology—they demand time-efficient interactions with their financial institution, and access to data at their fingertips. If customer expectations aren’t met, you can’t expect their loyalty for a lifetime.

Thankfully, cost-effective, leading-edge fintech solutions can easily bridge the technology gap and bring credit unions into the 21st century.

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How CheckAlt’s LoanPay Platform Enables Faster, More Transparent Payments

Author: CheckAlt
Date: Jul 31, 2018 8:01:00 PM

Did you know that regulators are pushing for faster electronic payments for all Americans by 2020?

Though Americans are still writing billions of checks per year—2.5 billion, to be precise, according to market research firm Aite Group—financial institutions across the country are helping their customers switch to electronic payments with CheckAlt’s LoanPay.

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How This Boutique Bank Got One-Fifth of Its Client Base to Switch from Paper to Digital in Just 8 Months

Author: Tiffany Rider
Date: Jul 26, 2018 3:40:49 PM

Converting bank clients who have traditionally paid by check to an electronic payment system isn’t easy. Though after integrating CheckAlt’s LoanPay solution, The Upstate National Bank was able to transition 20 percent of its client base—many of whom were wary of electronic payments—from paper payments to digital transactions.

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How Financial Institutions Are Preparing for Regulation CC

Author: Tamir Shafer
Date: Jun 27, 2018 3:43:25 PM

Our Financial Services industry is highly regulated and experiences a seemingly constant flow of new rules being proposed, debated, and implemented. This impacts financial institutions both big and small. As part of CheckAlt’s effort to support our client community, we actively engage with our financial institution clients to stay abreast of their compliance pertaining to regulatory changes.

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Mass Adoption of eChecks Could Quash Fed Rules Changes

Author: Allison Murray
Date: Jun 22, 2018 3:11:00 PM

In today's technology-driven world, electronic checks are a necessary solution to the growing demand for speed, security, and simplicity in online payment transactions. It was this demand that paved the way for CheckAlt's eCheck solution.

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Why Small Banks Are Expanding Despite Branch Closure Trend

Author: Tamir Shafer
Date: Jun 19, 2018 2:57:00 PM

Smartphone banking has become the norm. In the face of this, behemoth banks, desperate to reduce their expenses in order to keep their products competitive and please shareholders, are closing branch locations by the thousands. This has unlocked an opportunity for smaller financial institutions to buck the trend, grow their physical presence, and better serve their communities.

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Securing ATMs & ATM Processing

Author: Jeremy Kerley
Date: Jan 29, 2018 10:37:22 AM

In 1951, after a string of bank robberies, Willie Sutton was caught, and then interviewed. He was asked why he keeps robbing banks. His response: “Because that’s where they keep the money.”

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