Keep Online Bill Payments Online with Catch!

 

✓ Streamline and Automate Online Bill Payment Processing

 

✓ Reduce Exception Items to Save Time and Lower Costs

 

✓ Improve Cash Flow from an Entire Week to 1-2 Business Days

Learn More About Catch!

 

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  Catch!

 

 

 

CheckAlt’s electronic lockbox solution Catch! keeps online bill payments online, improving cash flow from a week to 1-2 business days.

 

Payments processed through online banking are received into Catch! to ensure payments remain electronic instead of becoming printed checks that are mailed to your lockbox. CheckAlt consolidates this data with your lockbox payments in a secure, online portal for streamlined exception management and reporting.

  

How Catch! Works

 

With Catch!, CheckAlt ensures that payers can instantly find their biller and make the electronic payment when using online banking. By maintaining direct links to major payment originators, payments are channeled electronically using Catch! each day and are then posted into the biller’s bank account.

 

The Catch! solution can: streamline operations, simplify reconciliation, improve cash flow, reduce errors, and reduce waste.

 

Here Are the Four Simple Steps to Get Started with Catch!

 

  • Contact CheckAlt by completing the form to the right to begin onboarding.
  • CheckAlt enables your business as a biller with Catch!.
  • Begin accepting electronic payments through bank bill pay.
  • View and manage your business’ receivables in CheckAlt’s online portal.

 

Catch! Implementation Options

 

Catch! complements your existing lockbox and other payment channel applications with CheckAlt. Any payments received via Catch! can be fully integrated within reports and data from those channels. With CheckAlt, you can have a one-stop integrated receivables processing engine.

 

Catch! can also be implemented as a stand-alone solution to help small- to mid-sized business transactions (even business-to-business transactions) remain electronic.

 

Benefits to Businesses

 

Faster Payments

Receive your funds from your customers days earlier, reducing your company’s DSO.

 

Lower Costs

Reduce expenses associated with managing paper-based checks by keeping electronic transactions online.

 

Easier Reconciliation

Save time and reduce exceptions with payments posted via an automated process rather than manual data entry.

 

Flexible Options

Implement Catch! as a stand-alone solution, or use it as part of our Integrated Receivables product suite for all your accounts receivable needs.

 

Benefits to Financial Institutions

 

Less Paper

Reduce the amount of paper checks being printed and mailed, helping your bottom line and the environment.

 

Increase Customer Satisfaction

Provide your small- to mid-sized business customers with the advantages that larger businesses have enjoyed for years.

 

Same-Day Payments

Convert payments to electronic transfers, leading to integration with same-day ACH/real-time payment services.

 

Simplified Exception Handling

Lower exception handling costs with full reporting and electronic logs, making exception handling easier.