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

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

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

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

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

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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Online Bill-Pay: Separating Myths from Facts

Many financial institutions (FIs) offer their customers the ability to pay bills via an online portal; this service is called Online Bill Pay. To initiate the transaction, a consumer will typically select or key-in the company they are making the payment to (e.g., a utility, department store, homeowner’s association, etc.), and then key-in other critical pieces of information, including their account number and the dollar amount of the payment.

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Klik Technologies Can Also Augment Existing Treasury Management Services

Klik Technologies, Corp. is known best for providing lockbox treasury management solutions to banks and credit unions that don’t have the wherewithal, resources or expertise to perform such services in-house. But we can also partner with financial institutions that may have internal lockbox capabilities for their existing markets, but may need our services for new markets that are outside of their footprint.

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The Three Top Reasons For Vendor Consolidation

Why should banks and credit unions consider consolidating their vendor relationships? Here are three top reasons. 

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Take a Second Look at Your Merchant Service Provider

Klik Technologies Corp. offers a host of receivables management products and services to merchants, homeowner associations, utility companies and other organizations – a one-stop shop so clients can obtain all of their receivables in one channel.

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Strategic Partnering to Gain Agility and Innovation

The financial services industry is increasingly having to grapple with the new normal: a rapidly changing technology landscape and commercial client behavior.

 

Today only very large institutions have the resources to meet the demand, especially in a rapid and frequent manner – so how can community banks and credit unions compete in such an evolving competitive landscape?

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Enhancing Our Products And Services By Actually Listening To Our Customers – And Getting Industry Accolades For It

At CheckAlt, we listen to our customers, and if there is a pressing need, we don’t wait for the product life cycle to enhance our products and services. And sometimes we win industry awards because of our quick and effective responses.

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CheckAlt Acquires Klik to Solidify Position as Leading Provider of Processing Solutions to Financial Institutions and Corporate Customers

CheckAlt, a leader in mobile and Check 21 payment and item processing solutions, today announced that it has acquired Klik Technologies, Corp. (“Klik”), a New York corporation that was a wholly owned subsidiary of MUFG Union Bank, N.A..

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Regulators Announce New Guidance for Deposit Reconciliation

CheckAlt offers check reconciliation for ATM, mobile, merchant and branch deposits.

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Why It Makes Sense To Augment CheckAlt’s ATM Processing With Our ATM Reconciliation Service

It makes sense for banks and credit unions to augment CheckAlt’s ATM processing solution with our ATM reconciliation service to expedite and enhance their own internal processes. 

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What Do Millennials Really Want From A Financial Institution? Well, Just Ask Them

 Financial institutions wanting to court Millennials would be well-served to ask them what they actually want from an institution – and how they want to be approached.

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