Financial services

Payments and receivables

Jump To:

Market view

Check volumes remain sticky, and a critical piece of the global payments' ecosystem. However, some financial institutions no longer want to maintain the real estate and labor-intensive lockboxes required for upfront receipt, digitization of the paper checks, and manual data indexing/validation.

The challenge

In addition to the burden of maintaining physical lockboxes, financial institutions struggle handling the unstructured data trapped within checks and associated documentation. This means financial institution employees have to stare-and-compare data, and manually key it in.

Related resource

Videos and Webinars

CheckAlt Case Study

How CheckAlt, a national leader in payment management solutions, expands its processing footprint by transforming mail operations

March 25, 2025

Where Iron Mountain plays

Through our strategic partnership with CheckAlt, we empower financial institutions, fintechs, and businesses to streamline payment management and item processing. Our comprehensive suite of products and integrated solutions enhances efficiency, reduces risk, and supports growth—providing seamless receivables management across all payment channels.

Leveraging our unparalleled footprint of Digital Supercenters, Iron Mountain provides outsourced lockbox services (upfront mail/check receipt & digitization) – and supercharges with IDP (intelligent document processing) to extract and validate data.

Together, we deliver unmatched scale, security, and efficiency for your business.

Unified solutions simplify operations and free you to focus on growth, driving operational excellence and client success.

Expanded footprint

More locations to process payments and handle mail efficiently.

Enhanced security

Advanced fraud prevention tools ensure peace of mind and operational safety.

Optimized workflows

Faster, seamless payment workflows reduced delays and enhance cash flow.

A complete payment management solution

Contact us to learn which solutions are available for your vertical.

Traditional Lockbox

Check processing services

Streamlines manual check handling with nationwide processing centers and customizable workflows.

Remote Lockbox (RemitStation)

On-site processing

Streamlines receivables with secure, on-site processing, reducing float and enhancing control.

Electronic Lockbox (Catch!)

Keep online bill payments digital

Ensure online banking bill payments remain digital, accelerating cash flows and reducing exceptions.

Comprehensive Lockbox

Traditional + electronic (HC with 835 files)

Combines paper and digital receivables for a seamless, end-to-end processing solution.

Online Payments

Flexible digital payment options

Provides ACH, credit, and debit options, improving cash flows and user satisfaction with a secure portal.

LoanPay

Secure online loan payments

Simplifies loan payment management, reduces delinquencies, and enhances borrow satisfaction.

FinCapture

Remote deposit capture API

Enables fast, secure check deposits via mobile apps, protecting business with deposit-only access.

ATM Capture

Seamless ATM check processing

Automates ATM deposits with remote software deployment and advanced fraud prevention tools.

Branch and Teller Capture

In-branch deposit capture

Simplifies branch check processing with an intuitive, browser-based platform for efficiency and control.

Client and consumer protection

Risk and compliance are at the forefront of our company culture

System integrity

Cloud-enabled AWS platform

Risk investment

Millions committed annually

Leadership

Dedicated team with decades of experience

We make it easy to get started.

By submitting this form I agree that Iron Mountain may process my data as described in Iron Mountain's privacy policy.

Why Iron Mountain?

We have the experience and expertise to streamline your business while keeping your customers’ data safe—and secure. We are especially proud to partner with the financial services organizations. Together, we elevate the power of your work.

About Us