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Lockbox Services

Your Key to Efficient Receivables Management

Lockbox Services

Our Lockbox Services provide a centralized, secure, and efficient way to process incoming payments. Designed for businesses that receive a high volume of checks or other physical payments, our solution accelerates payment processing, reduces manual handling, and improves accuracy.

Applications

  • Bill Payments: Ideal for utility companies, medical providers, and subscription services.
  • Membership Dues & Donations: Facilitate regular collections for associations and non-profits.
  • Rent Collections: Efficiently handle rent payments for property management companies.
  • Retail Payments: Streamline payment processing for retail businesses with physical payment methods.

How It Works

  1. Set Up a Lockbox with Us: Contact our team to establish your unique lockbox address.
  2. Direct Payments to Lockbox: Instruct payers to send payments to the lockbox address.
  3. We Process Payments: Our team retrieves, processes, and deposits the payments into your designated account.
  4. Access Data Online: View and download payment details and images through our secure online portal.

Frequently Asked Questions

Can I view my processed payments online?

Yes, our online portal provides access to processed payments, including check images and remittance details.

How quickly are payments processed?

Payments are typically processed on the same business day they are received.

What security measures are in place?

We utilize advanced security protocols, including encryption, controlled access, and regular audits.

Features & Benefits:

  • Speed Up Collections: Reduce mail float by directing payments to a designated post office box.
  • Enhanced Security: Secure handling in our state-of-the-art processing center minimizes fraud risk.
  • Decreased Costs: Save on internal processing costs with our cost-effective solution.
  • Real-Time Information Access: View processed payments, images of checks, and remittance documents online.
  • Customizable Reporting: Tailor reporting to your business needs with detailed information and analysis.
  • Integration with Existing Systems: Easy integration with your accounting or ERP system.
  • Remote Deposit Capability: Combine with Remote Deposit Capture for additional efficiency.