LOS ANGELES (PRWEB) June 11, 2020
CheckAlt, the premier lockbox and digital payments processing provider in the U.S., and Yolo Federal Credit Union, which boasts 65-plus years serving the communities of Yolo County, Calif., have expanded their agreement to serve credit union members with CheckAlt’s streamlined loan payment tool, LoanPay.
“LoanPay is a modern solution that our members enjoy using while providing efficiency to operations and improved settlement times,” said Matt Lane, Chief Financial Officer for Yolo Federal Credit Union. “The team at CheckAlt is a valued credit union partner who accommodated our needs during the implementation process."
Credit unions across the country continue to shift toward digital services that meet the needs of members and improve their overall experience from routine transactions to repaying loans. With LoanPay, credit unions can accept loan payments through call centers, in branches, and online, while also putting more control of the loan repayment process in the hands of members. For example, LoanPay users may schedule one-time or recurring payments, and opt to make principal-only, interest-only, or combined payments. Learn more about CheckAlt’s LoanPay at https://www.checkalt.com/products/loan-payment-processing/.
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.