American Momentum Bank Selects CheckAlt for Remittance and Remote Deposit Capture Solutions

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American Momentum Bank chooses CheckAlt to provide payment processing services and better service clients in association management, healthcare and medical verticals.

CheckAlt, a leading provider of treasury solutions and lockbox processing to financial institutions and corporate customers in the United States, announced today it has been selected by American Momentum Bank to provide services to business clients with its products, Remit and DepositGo.

CheckAlt Remit is the premier white-label remittance solution, including lockbox and electronic bill pay processing, for financial institutions that enables bank and credit union commercial clients to fully automate the processing of incoming payments and related data. With CheckAlt Remit, clients can improve their cash flow, consolidate daily import files and long-term receivables data from all payment streams and minimize exception related costs.

CheckAlt’s DepositGo is a white-label mobile remote deposit capture (RDC) application for financial institutions that allows field technicians to deposit checks conveniently from a mobile device directly to their bank or credit union account. This provides a secure experience without the field technicians having complete access to the business clients' mobile banking account.

“We are always looking for ways to deliver more value to our business customers,” said Heather J. Karamitsos, Senior Vice President / Director of Association Banking of American Momentum Bank. “With CheckAlt’s Remit and DepositGo solutions, our commercial account holders can process payments more efficiently without having to visit a branch or ATM, allowing us to extend our footprint and better service clients.”

“Checkalt is pleased to be recognized by American Momentum Bank as the correct choice for Check 21 and remote deposit solutions. said Shai Stern, CEO at CheckAlt. “Our quick to deploy dedicated account management team and superior customer service is gaining us further recognition in the treasury and lockbox marketplace.”

The remittance and remote deposit solutions are available immediately to American Momentum Bank business clients. For more information about American Momentum Bank and their business services, please visit AmericanMomentumBank.com

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About CheckAlt
CheckAlt is the largest independent provider of lockbox and treasury solutions in the country. CheckAlt’s solutions include lockbox processing across 14 locations nationwide, consolidated item processing, omnichannel integrated treasury solutions and mobile capture services. CheckAlt’s client base includes 600 financial institutions. CheckAlt is headquartered in Miami, FL. For more information, visit http://www.checkalt.com.

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About American Momentum Bank
American Momentum Bank, with total assets of $1.1 billion as of June 30, 2016, provides comprehensive products and services for businesses and individuals. The bank has 14 full-service banking centers in Florida, including Orlando, Tampa, Clearwater, St. Petersburg, Sarasota, Lakewood Ranch, Naples and Winter Garden. It also has three full-service Texas banking centers in Bryan/College Station and a loan production office in Dallas. American Momentum’s strong capitalization, superior asset quality and experienced management teams position it as one of the premier banks in each state.

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Moshe Goldshtein
@CheckAlt
since: 01/2010
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