#Alkami Technology #Fraud Prevention #Positive Pay Solutions

Alkami Technology Surpasses 500 Positive Pay Customers

Alkami Technology, Inc., a premier digital sales and service platform for financial institutions in the U.S., recently announced a significant achievement: over 500 financial institutions are now utilizing its Positive Pay Solutions. This development underscores a growing trend among banks and credit unions toward the modernization of fraud protection processes, especially in automated clearing house (ACH) and Check Positive Pay services.

The Positive Pay Solutions offer an enhanced layer of security against fraud for both ACH and checks, reflecting a shift in operational workflows that emphasizes efficiency and reliability. Robin Seelye, Chief Banking Officer at Northwest Bank, shared, “Since adopting ACH and Check Positive Pay, we've noticed a remarkable improvement in our onboarding processes, as well as a notable decrease in fraud-related overhead.” This sentiment is echoed by many institutions that have made the switch, highlighting how Alkami's technology provides not only secure transactions but also streamlines the client experience during onboarding.

The versatility of Alkami's Positive Pay also stands out. It supports financial institutions at every modernization stage, offering plug-and-play compatibility with any existing digital banking framework, without the need for extensive custom development. For institutions lacking an effective solution, this means immediate implementation of ACH and check fraud protection with minimal setup. Those transitioning from outdated systems enjoy enhanced automation, an easier user interface, and accelerated client onboarding processes. Banks and credit unions are experiencing fewer fraud losses, shortened implementation timelines, and a significant decrease in operational pressure following the adoption of these solutions.

Taylor Adkins, Vice President of Product Management at Alkami, emphasized the significance of this milestone, stating, “Reaching 500 live customers illustrates the trust financial institutions place in Alkami to deliver smarter, more efficient fraud prevention and commercial onboarding tools. Our mission focuses on assisting institutions in moving away from legacy systems and cumbersome manual workflows, which can complicate operations and inflate costs.”

The current landscape highlights an increased emphasis among financial institutions on enhancing their business and commercial services. The demand for technology solutions that not only simplify operational workload but also foster revenue generation has prompted many institutions to consider Alkami's offerings. The ACH and Check Positive Pay solutions enable financial institutions to create fee-based income streams by providing businesses with a robust fraud prevention mechanism that secures every check and ACH transaction. Furthermore, by equipping business clients with self-service tools to detect and prevent fraud, institutions can reduce operational burdens while paving the way for scalable revenue growth.

To learn more about Alkami's Positive Pay Solutions, visit their official website. Alkami is also recognized for its commitment to excellence, having achieved certification from J.D. Power for providing