From Risk to Realignment: How FIs Are Combatting Check Fraud in Commercial Receivables
Check fraud isn’t going away. It’s evolving. And financial institutions are increasingly in the crosshairs.
1 min read
challenge
An Association Banking Partner, a trusted financial institution serving HOAs and property management companies, needed a modern payment management solution that empowered clients with full control over their receivables while seamlessly integrating with various accounting platforms.
To meet these evolving needs, the Association Banking Partner sought a comprehensive lockbox solution that would improve client satisfaction and retention.
solution
CheckAlt partnered with this Association Banking Partner to implement Lockbox and Catch! electronic lockbox, part of our powerful receivables management solution tailored to meet the bank’s diverse client needs.
By offering a flexible and technology-driven solution, the Association Banking Partner was able to enhance its treasury management services, providing a modern, client-first experience.
results
With CheckAlt’s comprehensive lockbox solution, the Association Banking Partner achieved:
“The key differentiator in CheckAlt’s solution is its ability to provide our clients with complete control while ensuring we remain their trusted banking partner. This level of flexibility, combined with seamless integrations, has made CheckAlt an invaluable partner in our treasury management services.”
— Association Banking Partner
Check fraud isn’t going away. It’s evolving. And financial institutions are increasingly in the crosshairs.
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