Apollo Bank Adds CheckAlt’s Lockbox Services on Top of Item Processing Solutions

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CheckAlt’s deposit and payment processing suite allows financial institutions like Apollo Bank to streamline operations and accelerate cash flow.

Apollo Bank of Miami has expanded its relationship with CheckAlt, the largest independent provider of item processing and treasury management solutions in the U.S., to provide lockbox services for its corporate clients in addition to item processing including at-branch check image capture and statements.

“Seeking an outsourced lockbox payment processor that could be implemented quickly, we turned to our known and trusted vendor, CheckAlt,” said Jeannie Spano, VP of Deposit Operations for Apollo Bank. “CheckAlt’s straightforward implementation and effective collaboration has made turning on lockbox processing for our clients on the new platform easy.”

Apollo Bank knew it did not want to build its own in-house lockbox scanning department. CheckAlt’s lockbox services and corresponding web-based platform enables the bank’s business clients to simplify reconciliation and realize check payments faster.

“CheckAlt is proud to deepen our relationship with Apollo Bank as now their provider of item processing and lockbox services,” said Carolyn Morris, Relationship Manager for CheckAlt. “It has been a pleasure assisting Jeannie and her team at Apollo Bank with the implementation of our lockbox solution as well as training for their clients.”

For more information about CheckAlt’s lockbox services, please visit https://www.checkalt.com/products/lockbox-services.

About CheckAlt

In the past 10 years, CheckAlt has become the leading provider of check payment processing solutions for hundreds of financial institutions across the country. As both bank agnostic and demographic agnostic, CheckAlt is uniquely positioned for payments convergence. It has been our focus to process check payments while also eliminating paper from the system with robust electronic payment APIs. CheckAlt’s solutions include lockbox processing across a nationwide hub-and-spoke network of processing sites, consolidated item processing, integrated treasury solutions, and mobile capture services. CheckAlt is headquartered in Los Angeles, Calif.

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Tiffany Rider
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