CheckAlt's Weekly Update: August 7, 2020

I have some very exciting news to share—we are preparing an announcement for Monday about an incredible new partnership and product offering that aligns with CheckAlt’s focus on automation and innovation. I can’t say more at this time, so please stay tuned for an update from us on Monday.

This week I read up on a study conducted by Visa in June which showed that 78% of consumers have changed their payment behavior toward online and contactless options, indicating that they are less resistant to electronic payment methods than in the past. CheckAlt’s business model is designed to help financial institutions and businesses simplify processing and facilitate the conversion of paper payments to electronic, and our commitment to this strategy is driving positive results.

As you may know, new USPS leadership has recently implemented cost reductions and operational changes that may have impacts on mail delivery. CheckAlt is continuously communicating with USPS to coordinate around postal delays and resolve challenges to ensure payments continue to flow. Moreover, we are observing steady growth in client adoption of our electronic payment solutions to altogether circumvent postal delivery. Please ask us how we can assist you with mail processing, remote deposit capture, and online payment solutions.

This Sunday, August 9, CheckAlt’s IT Team is coordinating a planned migration of select client web servers during our regularly scheduled maintenance window from 8 a.m. to noon ET. There is no client action required. We are also preparing for another planned product performance maintenance scheduled for the following Sunday, August 16 (details coming early next week).

I am encouraged to hear the good news that all New York school districts will be allowed to reopen this fall. At CheckAlt, we continue to follow local and state guidelines to ensure a safe environment for our employees who are working at our processing centers. Let’s all keep doing our part to look out for each other’s health and safety.

Shai Stern

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