Bobby Rahmanian Joins CheckAlt as Chief Product and Innovation Officer
Written by CheckAlt
LOS ANGELES, Calif. – July 2, 2019 – CheckAlt, a leading provider of lockbox and treasury services, announced today that Bobby Rahmanian has joined the company’s executive team in the new role of Chief Product and Innovation Officer. Rahmanian’s appointment is a key component of CheckAlt’s strategic plans for addressing payments convergence in the years to come.
“We are very excited that Bobby comes to us with his great industry knowledge and experience,” Shai Stern, Co-Chairman and CEO of CheckAlt, said. “He commands great respect in the credit union industry. We are appreciative that Bobby is local so that he can lead CheckAlt’s product innovation from our growing technology hub in Los Angeles.”
Rahmanian brings more than 23 years of experience in product, payments, business operations, and technology to his new role with CheckAlt. In his role, Rahmanian will drive new payment capabilities including real-time payments as well as other product integration and enhancements to ensure CheckAlt’s products are at the leading edge of technology and meet market demand for electronic payment solutions.
“CheckAlt’s value is compelling because we understand the needs of credit unions and banks,” Rahmanian said. “My mission is to create new and enhance existing products and services that integrate well with industry processes and platforms. Coming from the credit union world, I plan to apply my experience in product development and payments to deliver real-time payments and card processing solutions across CheckAlt’s electronic payments ecosystem that bring about operational efficiencies to financial institutions while delivering world-class user experiences.”
Prior to his appointment, Rahmanian served as Vice President of Product Management, Emerging Payments for Kinecta Federal Credit Union, one of the largest credit unions in the U.S. with more than $4 billion in assets and branches across Southern California. In that role, Rahmanian and his team drove innovation and enhancements for debit and credit portfolio products as well as online and mobile core payment features. Rahmanian’s credit union industry experience includes three years as an advisory board member for CO-OP Financial Services, partnering with executives to shape CO-OP's product strategy and roadmap.
Before serving in that role for Kinecta, Rahmanian spent three years with Green Dot Corporation in product management leadership positions overseeing product development and enhancements to existing products.
Including his four-plus years as Vice President of Product Management, Rahmanian has a total of seven years with Kinecta. In his tenure he led the successful relaunch of Kinecta’s card portfolios through vendor and system consolidation as well as development and launch of new payment products and services.
Rahmanian has an extensive background in software engineering, project management, P&L, and operations management. He holds an MBA from the University of Southern California and a bachelor’s degree in computer engineering from University of California, Santa Cruz.
In the past 10 years, CheckAlt has become the leading provider of check payment processing solutions for hundreds of financial institutions across the country. As both payment agnostic and demographic agnostic, CheckAlt is uniquely positioned for payments convergence. It has been our focus to process check payments while also eliminating paper from the system with robust electronic payment APIs. CheckAlt’s solutions include lockbox processing across a nationwide hub-and-spoke network of processing sites, consolidated item processing, integrated treasury solutions, and mobile capture services. CheckAlt is headquartered in Los Angeles, Calif.
For interviews, please contact CheckAlt’s Head of Communications Tiffany Rider at firstname.lastname@example.org.