The CheckAlt Blog

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?

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, 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..

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. 

 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.

Financial institutions really want us to be a partner in disruptive technology. I attend a lot of conferences in the disruptive space, and bankers as well as credit union executives tell me that they are experiencing interloping companies, such as Apple, Amazon and other players, trying to take away customers by offering a host of alternative financial services. They are entering these markets, but are causing great disruption and upheaval in the process.

By now, practically every traditional bank or credit union understands that they have to find ways to either compete with or embrace FinTech to attract and keep customers.

But it’s not just about retail customers, particularly Millennials who have been bred to expect that technology should meet just about every demand at their fingertips.