ELECTRONIC LOCKBOX

Keep Online Banking Bill Payments Electronic 

Electronic Lockbox helps keep eligible online banking bill pay payments electronic by connecting businesses to biller networks and processing payments via ACH, reducing paper check conversion.

Ask About Electronic Lockbox
Electronic Lockbox for Digital Payment Solutions

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. But when a business isn't enrolled in a biller network, online banking bill pay payments may be converted to paper checks and mailed instead. This creates delays, increases costs, and adds risk for businesses still managing paper-based receivables.

Electronic Lockbox for Online Banking Bill Pay

Electronic Lockbox helps reduce paper check conversion by connecting businesses to biller networks and processing eligible payments via ACH. The result is faster access to funds, less manual work, and simplified receivables management.

With Electronic Lockbox, businesses can:

  • Get paid faster—from weeks to days
  • Reduce paper handling and manual processing
  • Simplify reconciliation and reduce errors
  • Accept payments the way customers expect to pay

What Sets Electronic Lockbox Apart

Electronic Lockbox connects organizations to major bill payment networks while providing the ongoing management, visibility, and exception handling needed to keep payments electronic and help operations run efficiently.

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Biller Network Enrollment

Connect billers to major bill payment networks for eligible electronic payment delivery. 
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Centralized Payment Visibility

View all payment history, transactions, and reporting through CheckAlt's online portal.
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Proactive Exception Management

Identify and resolve payment issues earlier to reduce delays, manual research, and posting errors.
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Remember Me Functionality

Apply recurring payment corrections automatically to minimize exceptions and manual effort.

Enhanced Security for Peace of Mind

Electronic Lockbox prioritizes the security of payment transactions by maintaining account masking standards and protecting sensitive data throughout the payment process. Keeping transactions fully electronic reduces risks associated with paper checks, enhancing payment security.

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How To Get Started with Electronic Lockbox
Step 1

Contact CheckAlt by completing the form below to begin onboarding.

Step 2

CheckAlt enrolls the business in applicable biller networks and configures electronic payment delivery.

Step 3

Begin receiving eligible online banking bill pay payments electronically via ACH.

Step 4

View and manage payment details in CheckAlt's online portal.

Frequently Asked Questions

Ready to Add Electronic Lockbox to Your Receivables Offering?

Help reduce mailed checks, improve payment speed, and simplify receivables with Electronic Lockbox.

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Contact Sales

Our team is here to answer your questions and show you more about how Electronic Lockbox works.