How they describe themselves: In the past 10 years, CheckAlt has become the leading independent provider of lockbox and payment processing solutions for hundreds of financial institutions and commercial clients across the country. Our solutions include a full range of check imaging products that empower financial institutions with consolidated item processing across all points of capture, including ATM, Branch, and Mobile. Additionally, CheckAlt offers a suite of payment processing solutions, including Merchant RDC, Integrated Receivables and Credit Card Processing.
How they describe their product/innovation: CheckAlt’s LoanPay enables financial institutions to accept various loan payments from their customers, including auto and business loans, mortgages, and personal loans. Using LoanPay, your customers can make one-time or recurring payments using debit, credit, and checking accounts across all payment channels including in branch, at a call center, online, and on mobile. LoanPay accelerates funding by helping financial institutions accept online payments, and reduces support calls by providing customers access to current loan account data.
Product distribution strategy: Through financial institutions