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CheckAlt , which provides lockbox and treasurymanagement 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.
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 Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.
Apollo Bank Adopts CheckAlt Lockbox Technology. Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasurymanagement offering. PNC Acquires Tempus Technologies.
As it stands, many larger banks — and even mid-sized banks — tap into treasurymanagement solutions for two reasons. And, on the lending side, to the extent that a bank is offering both a loan and treasurymanagement services to a corporate, they have the entire relationship with that particular customer. percent to $3.6
CheckAlt , which provides lockbox and treasurymanagement 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.
“The traditional corporate banking customer relationship is changing,” reflected Horicon Bank Vice President of TreasuryManagement Bob Van Kirk in a statement. The AR solution also supports payment acceptance across channels, including online, mobile, in-person and others.
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