CheckAlt, the largest independent provider of lockbox and treasury management solutions in the U.S., has been selected by Central Bank & Trust, a part of Farmers & Stockmens Bank based out of Colorado, to provide integrated receivables payment processing services for the bank’s commercial clients.

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CheckAlt’s Integrated Receivables solution suite provides paper and electronic payment processing services. These solutions include Remit for lockbox processing, Catch! for keeping online banking bill payments online, and KliknPay for electronic bill payment and presentment.

“Central Bank & Trust is committed to ensuring our clients have access to the latest and greatest in financial technology,” said Greg Guidici, VP of Treasury Management and Relationship Manager for Central Bank & Trust. “By selecting CheckAlt as our Integrated Receivables partner, we have positioned ourselves to be at the forefront of the digital payments revolution.”

Central Bank & Trust is already growing the number of commercial clients utilizing CheckAlt’s Integrated Receivables. Here’s how it works: CheckAlt customizes web portals for Central Bank & Trust’s clients where payment and remittance data imaged and processed across CheckAlt’s hub-and-spoke lockbox services network is consolidated, along with ACH and card payments made through online banking services and bill payment portals.

“We are excited to be Central Bank & Trust’s partner in its growth strategy and to support the bank and its commercial clients,” said Tammy Ramirez, Relationship Manager for CheckAlt.

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