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Financial services

Payments and receivables

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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.

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Where Iron Mountain plays

Through our partnership with CheckAlt, we provide financial institutions, fintechs, and businesses with seamless receivables management.

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.
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Expanded footprint

More locations to process payments and handle mail efficiently.
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Enhanced security

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

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

Client and consumer protection

Risk and compliance are at the forefront of our company culture
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System integrity

Cloud-enabled AWS platform
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Risk investment

Millions committed annually
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Leadership

Dedicated team with decades of experience
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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.

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