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ELECTRONIC LOCKBOX
Keep Online Bill Payments Online with Catch!
The secure, digital payment solution that streamlines receivables, simplifies bill pay, and keeps online banking bill payments where they belong—online.
The Hidden Challenge with Online Banking Bill Pay
When customers pay bills through online banking, they expect the payment to reach the business in days—not weeks. Without a connection to the bill pay network, however, these digital payments convert to paper checks, which are sent through the mail. This delays payments, increases costs, and creates security risks.
Catch! Keeps Online Payments Online
Catch! Electronic Lockbox keeps online bill payments fully digital from start to finish. By connecting directly with biller networks and registering businesses with the online bill pay database, Catch! prevents payments from converting to paper. The result? Faster processing, enhanced security, and simplified receivables management.
With Catch!, businesses can:
- Boost operational efficiency
- Automate reconciliation and reduce errors
- Accelerate cash flow—from weeks to days
What Sets Catch! Apart
Catch! connects business with the online banking bill pay network, giving smaller and mid-sized businesses the same advantages as large organizations: faster payments, lower costs, and easier reconciliation.
Faster Payments
Receive funds in days—not weeks—through electronic transfers, including same-day ACH or real-time payment services.
Lower Costs
Reduce costs by keeping transactions digital and eliminating the need for manual check processing.
Easier Reconciliation
Save time and reduce errors with automated payment posting, minimizing manual data entry.
Flexible Options
Catch! is available as a stand-alone product or as part of our integrated receivables solution.
Enhanced Security for Peace of Mind
Catch! prioritizes the security of payment transactions by maintaining account masking standards and protecting sensitive data throughout the payment process. Keeping transactions fully digital reduces risks associated with paper checks, enhancing payment security.
How To Get Started with Catch!
CheckAlt enables your business or business client as a biller with Catch!.
Begin accepting electronic payments submitted by customers through online bill pay.
View and manage receivables in CheckAlt's online portal.
Frequently Asked Questions
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How does Catch! work?
Catch! ensures that payers can find and pay their bills electronically when using online banking. Certified with multiple payment originators, CheckAlt captures nearly 100% of online bill payments, whether made through online banking, walk-in payments, or biller payment portals.
By maintaining direct links to major payment originators, Catch! channels payments electronically each day into the biller’s bank account. This streamlines operations, automates reconciliation, accelerates cash flow, reduces errors, and cuts down on waste. -
What are the different Catch! implementation options?
Catch! complements your existing lockbox and other payment channel applications with CheckAlt, providing seamless integration across all reporting and data streams. With CheckAlt, you get a one-stop Integrated Receivables processing engine.
Catch! can also be implemented as a stand-alone product to help small- to mid-sized businesses keep transactions fully electronic, including business-to-business payments.
Ready to Simplify Payments?
We're standing by to help you streamline receivables, increase efficiency, and improve cash flow for businesses.
Contact Sales
Our team is here to help answer your payment management questions, and show you our solutions.