Shai Stern’s Post

We are honored to have your talents here CheckAlt - Lynn Dufrane Patrick Law. Now that the cat is out of the bag that you are here, your phone will be ringing off the hook. Isn’t it amazing how all are looking for the best check processing solutions? Isn’t it a bit nuts how check fraud is a huge issue? And how complex this is since banks, credit unions, corporates and fintechs all want the same but yet different ways to process. This is @checkalt. We have the solutions, the onboarding, the security, the software, the best team. The only thing we have not figured out is the post office. Maybe one day…nah..we will just stay the course in being our best.

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Executive Director @ CheckAlt | 35 Years in Payments & Banking | Served Thousands of FI's | Trained Under Former FDIC Chief of Staff and Former Comptroller of Currency | x Fiserv & Visa

For those who don’t know me well, I’m Lynn Dufrane. I’m a banking and payments executive with more than 35 years of experience leading both banking businesses and the software and services companies that power them. I had the privilege of being trained by the former Chief of Staff of the FDIC and former Comptroller of Currency which set up an exciting early career in banking. Starting in the community and regional banking space, I grew my career to become a market leader at a regional bank that focused on commercial and industrial banking. Transitioning from traditional banking to Payments, I led a team at US Bank / Elan that managed 1000’s of FI relationships and strategic partnerships across the organization. Our business was then acquired by Fiserv where I was named Card Services Leader of the Year. Before going to Visa, where I was responsible for global processing relationships with some of the largest global players. I joined CheckAlt after being recruited back by my mentor, now COO, to lead the digital transformation of CheckAlt, a company that processes $200B in checks every month for banks, fintechs, and the public sector. Having sat on both sides of the table, as banker and supplier, I’m aware of three fundamental truths: 1️⃣ Banks are dealing with a major talent shortage in operational roles, especially in payments and treasury 2️⃣ They are struggling with ancient tech that requires throwing more bodies at problems that they have 3️⃣ All the low level operational dependencies suck up all the resources for innovation My purpose now is to help bankers and fintechs solve the problem of finding more time in their day to focus on the important strategic work like growing deposits, generating more loans, and figuring out how to differentiate.

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Lynn Dufrane

Executive Director @ CheckAlt | 35 Years in Payments & Banking | Served Thousands of FI's | Trained Under Former FDIC Chief of Staff and Former Comptroller of Currency | x Fiserv & Visa

4mo

Thanks Boss! Such a privilege to be part of this team!!

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