PYMNTS

OCTOBER 19, 2020

CheckAlt , which provides lockbox and treasury management services, is now working with Florida's Citizens Bank & Trust to provide the aforementioned services, a press release says. Previously, Citizens Bank & Trust processed lockbox payments in-house.

Lockbox

PYMNTS

OCTOBER 31, 2019

Take the lockbox, for example. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Lockbox

PYMNTS

JULY 15, 2020

CheckAlt , which provides lockbox and treasury management services, has struck a partnership with credit union service organization (CUSO) Tru Treasury to help credit unions attract new members and boost services, a press release says. The partnership touts its ability to work in both paper and electronic services.

Credit Union

PYMNTS

JANUARY 13, 2021

Using advanced analytics in the service of cash flow can be a significant aid as treasury operations and AR operations are converging at a rapid clip, Shields noted — which means treasury officials can make better decisions about working capital and how cash needs may be changing within a company (optimizing ongoing operations).

Process

PYMNTS

OCTOBER 22, 2020

While B2B payments are quickly digitizing, paper checks continue to retain a significant share of the market. In an effort to address the friction of paper checks, Citizens Bank & Trust is collaborating with CheckAlt to launch lockbox and corporate treasury services. Citizens Bank And CheckAlt Tackle Check Friction.

Lockbox

PYMNTS

NOVEMBER 15, 2019

Further, Leavitt added, the commercial card sits nicely within the B2B market’s demand for data. It’s going to be in a format that is very cumbersome for the supplier to bring into their systems,” he noted, adding that lockbox services and manual data entry costs hit businesses hard.

B2B

PYMNTS

FEBRUARY 2, 2021

Apollo Bank Adopts CheckAlt Lockbox Technology. Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasury management offering. PNC Acquires Tempus Technologies.

Lockbox