LOS ANGELES, July 7, 2021 / PRNewswire-PRWeb / – CheckAlt, the Leading Provider of Loan Payment and Item Processing Solutions for Credit Unions and Banks in the United States, Partners with LEVERAGE Payment Solutions to Address Historical Challenges supporting indirect loans while creating operational efficiencies and improving the credit union borrower experience.
“We are excited to be able to help LEVERAGE Payment Solutions better serve members of credit unions to resolve a historic problem in the area of loan repayment,” said Allison Murray, Director of Growth for CheckAlt. “The management of direct and indirect loans is a long-standing problem for credit unions that requires significant manual effort to ensure that payments on loans from external accounts are properly received. CheckAlt’s LoanPay solves this problem, provides a better member experience while supporting the collection services of credit unions. “
LoanPay enables loan payments anytime, anywhere – online, by text, in person, through a call center representative or over the phone via interactive voice response. Designed for credit unions, LoanPay is the premier loan payment processing platform to support indirect and direct borrowers, including the ability to accept loan payments from any external account.
“The LoanPay platform addresses common challenges faced by credit unions while supporting direct and indirect loans while accepting loan repayments regardless of location, a key factor for member retention,” said declared Lindsey cole, Deputy CEO of LEVERAGE. “The LEVERAGE team works hard while selecting new partners. We deliberately select the best brands with a solid reputation. That is why we have partnered with CheckAlt to provide LoanPay to members of credit unions and improve the loan repayment experience for credit unions and borrowers. “
To learn more about CheckAlt’s LoanPay, please visit https://www.checkalt.com/products/loan-payment-processing
Over the past 10 years, CheckAlt has grown to become the leading provider of check payment processing solutions for hundreds of financial institutions across the country. As an agnostic of both the channel and the industry, CheckAlt is uniquely positioned to meet the ever-changing needs of payment processing. Our goal was to process check payments while eliminating paper from the system through robust electronic payment APIs. CheckAlt’s solutions include PO Box processing on a nationwide network of hub-and-spoke processing sites, consolidated item processing, integrated treasury solutions and mobile capture services. CheckAlt is headquartered at Los Angeles, California
LEVERAGE, the League of Southeastern Credit Unions service company, is the business services provider that leverages the resources, connections and knowledge of the credit union industry for peak performance and sustained growth of its customers and Commercial Partners. We strive to provide credit unions with the best-in-class products and services that reduce costs, maximize results and make a difference. For more information visit myleverage.com or follow LEVERAGE on Facebook and LinkedIn.
Tiffany Cavalier, CheckAlt, +1 310-663-7062, [email protected]