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.
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.”
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.
Klik Technologies Can Also Augment Existing Treasury Management Services
Date: Jan 23, 2017 6:27:41 AM
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.
Why should banks and credit unions consider consolidating their vendor relationships? Here are three top reasons.
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.
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?
Enhancing Our Products And Services By Actually Listening To Our Customers – And Getting Industry Accolades For It
Date: Jun 23, 2016 9:01:34 AM
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.
CheckAlt Acquires Klik to Solidify Position as Leading Provider of Processing Solutions to Financial Institutions and Corporate Customers
Date: Jun 16, 2016 2:37:33 PM
Acquisition creates industry leading provider of payment solutions to close to 500 financial institutions and hundreds of corporate customers with a national footprint to serve growing customer base
LOS ANGELES - June 16, 2016 - 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..
CheckAlt offers check reconciliation for ATM, mobile, merchant and branch deposits.
Financial Regulators Announce New Deposit Reconciliation Guidance
WASHINGTON — The five federal financial agencies released guidance on Wednesday that requires financial institutions to ensure they are addressing discrepancies customers sometimes face between the amount they deposit in their account and the amount they are credited.