LOS ANGELES (PRWEB) October 15, 2020
CheckAlt, the largest independent provider of lockbox and treasury management solutions in the U.S., has been selected by Florida-based Citizens Bank & Trust to provide lockbox services as part of the bank’s strategy to further serve its existing corporate customer base and expand its market reach.
“After exploring other options in the market, we selected CheckAlt as our preferred lockbox partner for their platform, presentation, and the people,” said Chad Tagtow, Senior Vice President and Chief Information Officer of Citizens Bank & Trust. “We greatly appreciate CheckAlt’s availability to quickly respond to questions throughout the selection process and are eager to work with the team to support our bank’s growth.”
Citizens Bank & Trust previously processed lockbox payments in house, and as part of the bank’s growth plan selected CheckAlt to batch, scan, process, and deliver payment files for check payments for the bank’s lockbox customers—leveraging CheckAlt’s regional processing center in Tampa.
“Working with Chad and his team has been a wonderful collaborative effort by both Citizens Bank & Trust and CheckAlt,” said EVP of Client Relationship Management Jennifer Quinn. “We are delighted to be Citizens Bank & Trust’s growth partner for their corporate customers in healthcare and property management.”
If your financial institution is seeking an integrated receivables solution, please visit https://www.checkalt.com/products/lockbox-services.
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.