CheckAlt Expands Board of Directors to Accelerate Strategic Growth

Newly expanded board brings deep expertise in banking, payments, and technology as CheckAlt sharpens focus on execution and scale.

NEW YORK, Sept. 16, 2025 /PRNewswire/ -- CheckAlt, a leader in integrated receivables and payment processing, today announced the expansion of its Board of Directors, effective September 1. The addition of four new board members marks a strategic milestone in CheckAlt's evolution and positions the company for its next phase of growth and execution.

Together with J. Patrick Law, President and Chief Operating Officer of CheckAlt, the board includes:

• Bernard Karfunkel, Managing Partner, Sabr Group
• Jeff Bray, Senior Managing Director, Harbor Light Advisory
• Troy Cullen, Executive Vice President & Chief Revenue Officer, ICBA Payments and TCM Bank
• Bill Kreienberg, Former Chief Banking Officer, Five Star Bank

"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 board will work closely with CheckAlt's executive leadership team to shape strategy, enhance operational rigor, and scale innovation. Their diverse experience across financial services, payments, and fintech brings new energy and insight to the company's mission of simplifying payment management for financial institutions, fintechs, and mid-market businesses.

"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."

The board expansion reflects the broader transformation underway at CheckAlt. Over the past few years, the company has strengthened its leadership bench, aligned its teams around revenue growth, risk, technology, and people, and sharpened its focus on execution. These changes, along with the strategic guidance of its new board, position CheckAlt to scale impact and visibility in the fintech space.

About CheckAlt

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.

For more information, visit www.checkalt.com and follow us on LinkedIn.

Media Contact:

Theresa Freas, Executive Director of Marketing at CheckAlt | Theresa.Freas@checkalt.com

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SOURCE CheckAlt, LLC