CheckAlt, a leader in integrated receivables and payment processing, has expanded its Board of Directors effective September 1, adding four new members alongside J. Patrick Law, President and Chief Operating Officer. This strategic move strengthens the company's foundation for accelerated growth in the fintech and payments sector.
CheckAlt adds four new board members effective September 1.
New members: Bernard Karfunkel (Sabr Group), Jeff Bray (Harbor Light Advisory), Troy Cullen (ICBA Payments and TCM Bank), Bill Kreienberg (Former Five Star Bank).
Expansion supports CheckAlt's focus on modernizing platform and scaling innovation.
Board to guide strategy in financial services, payments, and fintech.
Aims to simplify payment management for institutions, fintechs, and mid-market businesses.
Reflects CheckAlt's transformation toward revenue growth and operational efficiency.
The addition of these experienced leaders marks a key milestone in CheckAlt's journey, following years of platform modernization, leadership evolution, and strategic refinement. "This is a pivotal moment for CheckAlt," said Patrick Law, President & COO. "We've spent the past few years strengthening our foundation: modernizing our platform, evolving our leadership, and sharpening our strategy. With this new board in place, we're accelerating our momentum—guided by leaders who understand the complexity of our industry and share our commitment to delivering digital-first, secure, high-impact receivables solutions."
The new board members bring extensive backgrounds in financial services and fintech. Bernard Karfunkel, Managing Partner at Sabr Group; Jeff Bray, Senior Managing Director at Harbor Light Advisory; Troy Cullen, Executive Vice President & Chief Revenue Officer at ICBA Payments and TCM Bank; and Bill Kreienberg, Former Chief Banking Officer at Five Star Bank, will collaborate with the executive team to enhance operational rigor and foster innovation in payment management.
"CheckAlt is uniquely positioned to help financial institutions and businesses tackle real-world receivables challenges," said Troy Cullen, Executive Vice President & Chief Revenue Officer, ICBA Payments and TCM Bank. "I'm looking forward to helping the team scale their impact and deepen their industry reach."
"CheckAlt has a clear vision and the leadership to match," said Jeff Bray, Senior Managing Director at Harbor Light Advisory. "I'm excited to bring my experience in banking transformation and fintech growth to a company so committed to execution, client outcomes, and shaping the future of payments."
This board expansion aligns with CheckAlt's ongoing transformation, including strengthened leadership, team alignment around revenue, risk, technology, and people, and a sharpened execution focus. These efforts position the company to expand its visibility and impact in the competitive fintech landscape, delivering efficient, secure solutions for B2B and C2B transactions.
CheckAlt's enhanced board signals a robust commitment to innovation and client success. By leveraging diverse expertise, the company is poised to navigate industry complexities and drive sustainable growth in receivables and payment processing.
CheckAlt is a leader in payment management, delivering a complete receivables solution that seamlessly processes both paper and digital payments. From traditional lockbox services to our advanced electronic lockbox, and from ACH to credit and debit card payments, we simplify B2B and C2B transactions for hundreds of financial institutions, fintechs, and businesses nationwide. Organizations trust CheckAlt to accelerate payment processing, improve operational efficiency, and deliver secure, digital-first solutions. With innovation and a commitment to exceptional service at our core, we empower businesses to manage payments more efficiently and securely.
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