CheckAlt Offers Insights on the Future of Receivables for Financial Institutions

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Financial institutions are re-evaluating receivables operations to better serve commercial clients, treasury teams, and back-office staff amid increasing fraud risks, staffing pressures, and higher demands for speed and transparency. In response, CheckAlt emphasizes that the future of receivables lies in simplifying complexity while maintaining the payment channels and human oversight that organizations depend on today.

“Most financial institutions are not seeking wholesale change,” said J. Patrick Law, President and Chief Executive Officer, CheckAlt. “They are focused on reducing friction within their receivables’ operations. When routine tasks are automated and workflows are more tightly connected, teams gain the time and clarity to apply judgment, manage exceptions, and support clients more effectively.”

Banks and credit unions manage a mix of check and digital receivables that reflect how their business clients operate. Lockbox, remote deposit capture, ACH, card payments, and online banking bill payments each play an important role in daily treasury operations. Coordinating these channels often requires manual oversight, reconciliation effort, and operational discipline from treasury and back-office teams. As payment volumes increase and fraud tactics evolve, institutions must improve visibility and efficiency without disrupting existing workflows or client relationships.
CheckAlt’s perspective reflects lessons drawn from working closely with banks and credit unions navigating lockbox modernization, fraud mitigation, and the integration of check and digital payment channels. By combining automation, data-driven intelligence, and operational expertise, institutions can strengthen receivables operations without introducing unnecessary disruption.

Jason Schwabline, Chief Commercial Officer, adds “As efficiency, clarity, and operational resilience take on greater importance in 2026, receivables infrastructure is increasingly viewed as a strategic foundation for treasury management. Institutions that modernize with intention will be better positioned to support staff, protect client relationships, and adapt as payment behaviors continue to evolve. CheckAlt is positioned to partner with institutions as they navigate this next phase of modernization.”

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Taylor Graham, marketing grad with an inner nature to be a perpetual researchist, currently all things IT. Personally and professionally, Taylor is one to know with her tenacity and encouraging spirit. When not working you can find her spending time with friends and family.