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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 lockboxpayments in-house.
Online banking and electronic payments have streamlined the depositing process for corporate treasurers, but somehow, a majority of their customers are still paying with physical checks. That’s where Wells Fargo says its lockbox network comes into the mix.
In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. Take the lockbox, for example. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.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. Token Lands Funding For Open Payments Offering. PNC Acquires Tempus Technologies. Germany- and U.S.
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.
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
21) that FTNI will provide AR processing services for Horicon Bank’s corporate banking clients, which will have access to a single SaaS platform to accept payments across payment rails, including ACH, check, cards and cash. The companies revealed Tuesday (Feb.
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