COverview
CheckAlt provides payment processing and treasury solutions for banks, credit unions, and businesses across the United States. It offers services such as online bill payments, remittance processing, receivables, lockbox processing, remote deposit capture, and electronic bill presentment. The system works by securely handling payments and data, turning them into electronic formats, and routing funds through clients’ preferred channels, supported by a nationwide lockbox network and real-time payment capabilities from the U.S. Dataworks acquisition. Its strength comes from its large scale, broad footprint, and integrated product suite tailored to financial institutions of all sizes, helping clients add payment channels quickly and improve cash flow toward real-time processing.
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Industries
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, United States
Founded
2004
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Company News
LoanPro partners CheckAlt to cut cheque processing. Fri, 4th Sep 2026 (Today) CheckAlt has partnered with LoanPro to add receivables and payment processing services for LoanPro customers. The agreement is aimed at lenders handling inbound payments across paper cheques and online banking bill pay. The tie-up targets a part of loan servicing that often remains manual even when lenders have modernised their core systems. CheckAlt will provide LoanPro customers with lockbox, electronic lockbox, remote deposit capture and remote lockbox services. These tools are intended to help lenders process cheque payments and reconcile them within their existing servicing set-up. The arrangement is designed to improve visibility into inbound payment activity and reduce the manual work involved in posting payments. Cheque-based payments remain a practical challenge for many lenders, particularly when paper cheques are generated through online banking bill pay systems. In those cases, a digital instruction on the customer side can still produce a physical cheque that must be received, processed and matched to a loan account. This creates an operational gap for lenders that have invested in newer lending and credit platforms but still rely on older payment handling processes. By linking LoanPro's platform with CheckAlt's receivables services, the companies aim to address that back-office bottleneck without requiring lenders to replace their servicing environment. LoanPro said its customers had been seeking a way to handle cheque payments with less friction inside their current systems. "LoanPro customers have been looking for a better way to manage check payments without disrupting their existing servicing environment. By partnering with CheckAlt, we're giving customers a streamlined way to improve operational efficiency while enhancing the overall borrower and back-office experience," said Charles Sweeney, CRO & COO at LoanPro. LoanPro describes itself as a lending and credit platform used by more than 600 lenders. Its software supports loan origination, servicing, payments and collections, placing the company in a segment of the market where lenders want digital workflows while still managing a mix of payment methods. Manual burden For lenders, reconciling incoming cheque payments can involve several steps, from collecting remittance information to posting funds to the correct account. Delays or mismatches can increase administrative work and slow payment recognition. CheckAlt's role in the partnership is to manage that intake process through a range of receivables services. This includes support for both physical and digital payment flows, reflecting the continued presence of paper-based instruments alongside electronic channels. Jason Schwabline, Chief Commercial Officer at CheckAlt, said lenders have modernised some systems faster than others. "Modern loan servicing requires modern receivables," said Jason Schwabline, Chief Commercial Officer at CheckAlt. "Even as lenders modernize their servicing platforms, check payment workflows that support them often remain manual. Together with LoanPro, we're helping lenders expand their payment processing capabilities to reduce manual work, simplify reconciliation, and gain better visibility into payment activity." The partnership highlights a broader issue in financial services technology: front-end digitisation does not always remove paper from the payments chain. Bill pay transactions initiated online can still be fulfilled by mailed cheques, leaving lenders to handle physical documents despite offering digital account services elsewhere. Payments focus CheckAlt operates in receivables and payment processing for financial institutions, fintechs and businesses, with services spanning lockbox processing, cheque handling, and card and ACH payments. For LoanPro customers, the immediate benefit appears to be the ability to route payment intake and reconciliation through a specialist provider while keeping servicing operations on the LoanPro platform. Neither company disclosed financial terms of the arrangement. They also did not say whether the services would be adopted automatically across LoanPro's customer base or offered on an opt-in basis. The announcement underlines the continuing role of hybrid payment infrastructure in lending, where the push for digital servicing must still account for customers and banking systems that generate paper instruments. More lenders may seek similar integrations as they try to reduce exceptions and manual handling in payment operations.
CheckAlt named to Datos Insights Fintech 50 for second consecutive year. * 3 hours ago Recognition highlights CheckAlt's role in helping financial institutions modernize receivables and strengthen commercial client relationships NEW YORK, Aug. 27, 2026 - CheckAlt, a provider of integrated receivables and payment processing solutions, has been named to the 2026 Datos Insights Fintech 50 for the second consecutive year. The report profiles 50 financial services technology vendors aligned with Datos Insights' Commercial Banking & Payments Top Trends of 2026. CheckAlt was recognized for its Integrated Receivables solution, which brings lockbox, electronic lockbox, online payments, remote deposit capture, and other receivables capabilities together through a single, secure cloud-based platform. The solution helps financial institutions manage incoming payments across paper and digital channels, provide greater visibility into payment activity, and support connectivity with existing systems. "Commercial clients increasingly expect more visibility and control from their financial institutions, even as many banks and credit unions continue to rely on legacy cash management systems," said Benjamin Nestor, Strategic Advisor with Datos Insights' Commercial Banking & Payments practice. "CheckAlt's inclusion reflects the growing role of providers that extend modern receivables capabilities around existing infrastructure - one way financial institutions can address evolving client needs without waiting for wholesale system replacement." The recognition comes as financial institutions face growing pressure to modernize commercial banking and payments capabilities. Datos Insights reports that 86% of large and midsize U.S. organizations already work with a fintech provider for payments or cash management services, highlighting the opportunity for financial institutions to strengthen the capabilities available to their commercial clients. "Financial institutions shouldn't have to choose between supporting the payment channels their clients rely on today and modernizing for what comes next," said J. Patrick Law, President and CEO of CheckAlt. "That's the balance we help them strike. Being named to the Datos Insights Fintech 50 for the second consecutive year reinforces the importance of that work - helping banks and credit unions strengthen commercial relationships and build for long-term growth." About CheckAlt CheckAlt is a leader in payment management, delivering a complete receivables solution that seamlessly processes both paper and digital payments. From traditional lockbox services to its advanced electronic lockbox, and from ACH to credit and debit card payments, Finopotamus LLC simplify B2B and C2B transactions for hundreds of financial institutions, fintechs, and businesses nationwide. Organizations trust CheckAlt to accelerate payment processing, improve operational efficiency, and deliver secure, digital-first solutions. With innovation and a commitment to exceptional service at its core, Finopotamus LLC empower businesses to manage payments more efficiently and securely.
CheckAlt, a payment processing solutions provider, has partnered with FRONTSTEPS, a community association management software company, to become its exclusive lockbox provider. The integration streamlines payment workflows for property management companies and community associations. CheckAlt now offers three payment solutions through FRONTSTEPS: Traditional Lockbox for digitising mailed cheques, Electronic Lockbox for keeping online bill payments digital, and Remote Deposit Capture for on-site cheque processing. The integration centralises payment intake across mail, online and in-person channels within the FRONTSTEPS platform. The partnership aims to reduce manual reconciliation, improve payment visibility and accelerate access to funds. CheckAlt serves hundreds of financial institutions, fintechs and businesses nationwide, whilst FRONTSTEPS provides software solutions for community association management.
WISCUB Service Center expands solutions for Wisconsin credit unions with CheckAlt. * 4 hours ago NEW YORK, Mar. 17, 2026 - CheckAlt, a provider of integrated receivables and payment processing solutions, today announced a new partnership with WISCUB Service Center (WSC), a Wisconsin-based service organization supporting credit unions throughout the state. Through the partnership, WSC will offer CheckAlt's Electronic Lockbox and Branch & Teller Capture solutions to its network of credit unions to help reduce manual processing, improve operational visibility, and enable faster, more efficient payment handling. Today's credit unions operate in an increasingly complex payments environment and face pressure to streamline payment workflows and reduce manual exception handling across deposit channels. WSC sought to expand the tools available to its member institutions, including branch-based check capture and digital processing workflows designed to simplify deposit operations and provide greater insight into payment activity. "Credit unions today are managing a growing mix of payment channels while operating with leaner teams and more complex operational demands," said Lissa Hansen, Business Development Leader at WSC. "Our goal is to bring practical, high-value solutions to the credit unions we serve. CheckAlt's technology allows us to offer modern teller capture and electronic lockbox capabilities that simplify check processing, reduce manual workflows, and help institutions operate more efficiently." "WISCUB Service Center has built a trusted network across Wisconsin's credit union community," said Jason Schwabline, Chief Commercial Officer at CheckAlt. "Credit unions today are managing a growing mix of payment channels while working to simplify operations and reduce manual processing. Our Electronic Lockbox and Branch & Teller Capture solutions help institutions digitize check workflows, eliminate unnecessary paper conversion in online banking bill pay, and gain better visibility into payment activity, helping them process payments faster and operate more efficiently." Through the partnership, WSC credit unions will gain access to CheckAlt's Electronic Lockbox and Branch & Teller Capture solutions. Electronic Lockbox helps keep online banking bill payments digital by preventing them from converting to paper checks, while Branch & Teller Capture digitizes checks accepted at the teller window and streamlines branch deposit workflows. Together, these capabilities help credit unions streamline check processing, reduce manual workflows, and improve visibility across payment operations. About CheckAlt CheckAlt is a leader in payment management, delivering a complete receivables solution that seamlessly processes both paper and digital payments. From traditional lockbox services to its advanced electronic lockbox, and from ACH to credit and debit card payments, Finopotamus LLC simplify B2B and C2B transactions for hundreds of financial institutions, fintechs, and businesses nationwide. Organizations trust CheckAlt to accelerate payment processing, improve operational efficiency, and deliver secure, digital-first solutions. With innovation and a commitment to exceptional service at its core, Finopotamus LLC empower businesses to manage payments more efficiently and securely. Learn more at www.checkalt.com. About WISCUB Service Center WISCUB Service Center (WSC) is a credit union-owned financial services organization that provides operational and payment processing solutions designed to help credit unions improve efficiency and better serve their members. Established in 1977, WSC delivers services including item processing, image cash letter support, investment solutions, and back-office operational tools. With a focus on responsive service, technology enablement, and practical innovation, WSC helps credit unions streamline workflows, reduce manual effort, and enhance processing performance.
CheckAlt partners with William Mills Agency for public relations services. ATLANTA, Dec. 17, 2025 - William Mills Agency, the nation's leading fintech public relations and marketing firm, has been selected by CheckAlt, a leader in payment management and receivables solutions, to enhance its public relations strategy and help advance industry dialogue on modernizing receivables and reducing payment complexity. CheckAlt simplifies payment management with secure receivables solutions that help financial institutions, fintechs and businesses streamline operations and reduce risk. Its secure portal gives organizations a single access point to manage both paper and digital receivables. By supporting traditional lockbox, digital lockbox, online payments, remote capture, ACH and card transactions, CheckAlt helps accelerate cash flow, improve efficiency and reduce fraud exposure while delivering better payment experiences for the organizations and customers it serves. "Financial institutions are under pressure to modernize receivables in the face of rising fraud, staffing constraints, and growing payment complexity," said Jason Schwabline, Executive Vice President of Revenue and Growth at CheckAlt. "As automation and AI begin reshaping payment operations, this partnership helps us contribute more visibly to that conversation and highlight how our solutions help clients simplify workflows, reduce fraud risk, and deliver better experiences." "Payment management is becoming increasingly complex, and CheckAlt offers a unified approach that directly addresses the operational challenges institutions face," said William Mills, CEO, William Mills Agency. "Through focused PR and messaging strategies, we will work to amplify CheckAlt's visibility and highlight the impact of its solutions across the financial services industry." About CheckAlt CheckAlt is a leader in payment management, delivering a complete receivables solution that seamlessly processes both paper and digital payments. From traditional lockbox services to its advanced electronic lockbox, and from ACH to credit and debit card payments, William Mills simplify B2B and C2B transactions for hundreds of financial institutions, fintechs, and businesses nationwide. Organizations trust CheckAlt to accelerate payment processing, improve operational efficiency, and deliver secure, digital-first solutions. With innovation and a commitment to exceptional service at its core, William Mills empower businesses to manage payments more efficiently and securely. For more information visit www.checkalt.com. About William Mills Agency William Mills Agency is North America's leading fintech public relations and marketing firm. The agency has established its reputation through the successful execution of media relations, marketing services and crisis communications programs. The company serves clients ranging in size from small start-ups to large, publicly traded companies. For more information, please visit williammills.com/financial-public-relations. Leave a reply. William Mills Agency needs the contact information you provide to William Mills to contact you about its products and services. You may unsubscribe from these communications at anytime. For information on how to unsubscribe, as well as its privacy practices and commitment to protecting your privacy, check out its Privacy Policy.
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About CheckAlt
We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, United States
Founded
2004
CheckAlt is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs