PYMNTS

DECEMBER 27, 2018

For receivables, Berdan noted that larger banks have done well with lockboxes as have smaller banks have with remote deposit capture (RDC). And banks, in turn, can handle all of their payments including ACH. But those trends are on the decline, according to Berdan, as more payments become electronic.

Remote Deposit Capture 63

Remote Deposit Capture RDC Lockbox ACH 63

PYMNTS

OCTOBER 25, 2019

While treasury management has always been a critical component of bank offerings, most treasury management solutions today are limited to lockbox processing. Those may include automated clearing house (ACH), wire transfers, credit cards and payments through payment portals.

Lockbox 40

Lockbox Treasury Management Treasury Wire Transfer 40

PYMNTS

OCTOBER 2, 2019

Despite moves toward ACH payments and card payments, Kresse reminded that the classic B2B transaction is still fraught with emails and PDFs, which often disconnect critical data from the payment. However, with real-time payment modalities, and through the messaging standard ISO 20022, data can be easily uploaded into firms’ billing systems.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

OCTOBER 23, 2020

While checks, wires and most ACH transactions are limited as to what kind of data you can have, commercial credit cards aren’t. And with Boost’s “virtual card lockbox” STP platform, there is no need for buyers or suppliers to share bank account information.

Commercial Card 82

Commercial Card Push-to-Card Lockbox Wire 82

PYMNTS

FEBRUARY 22, 2017

21) that FTNI will provide AR processing services for Horicon Bank’s corporate banking clients, which will have access to a single SaaS platform to accept payments across payment rails, including ACH, check, cards and cash. The companies revealed Tuesday (Feb.

Remote Deposit Capture 40

Remote Deposit Capture Online and Mobile Banking Automation Lockbox 40

PYMNTS

NOVEMBER 15, 2019

At the same time, unlike ACH, funds may not actually leave the company coffers for 30, 60 or even 90 days after the payment has been made, providing valuable capital float on the buy side. Together, this represents a dual-sided advantage that is key for vendors who are struggling in a climate of late payments and a lack of predictability.

B2B 53

B2B Commercial Card Payments ACH 53

PYMNTS

OCTOBER 29, 2020

He pointed to Deluxe’s own AR solution that can be embedded in enterprise resource planning (ERP) systems, where modules can be added to manage lockbox or other solutions. That software platform today, on an outsourced basis or with people using that software themselves, is processing about $2.8 You completely remove that paper.

Checks 78

Checks B2B Payments C2B 78

PYMNTS

JUNE 24, 2016

On the back end, they also want to be able to make payments using the method that is most convenient to them, whether that be paper checks, ACH transactions or even using credit cards. But an interesting question was posed: Are lockbox operations an obvious target for receivables disruption?

Lockbox 43

Lockbox Automation Push-to-Card Process 43

PYMNTS

DECEMBER 5, 2017

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. The persistence of bank wholesale lockboxes, invented in the 1950s, shows this problem has not been tackled to the same degree as payments between consumers and businesses, Diegelman said.

Consumer 56

Consumer Same Day ACH C2B B2C 56

PYMNTS

APRIL 1, 2016

The historically fragmented nature of disparate services and payment solutions, ranging from credit cards to ACH to mobile payments to lockbox and remote deposit capture is a driving force in corporate banking clients’ desire for truly integrated receivables solutions.

Remote Deposit Capture 40

Remote Deposit Capture Lockbox Remittance Data Compliance 40

PYMNTS

AUGUST 7, 2018

“The intent of the organization is to help payers better identify [the] payee information they need in order to make electronic payments,” he said in an interview, adding that the directory aims to be “payment agnostic” and support payments made via a variety of rails, including FedWire, ACH, SWIFT, lockbox and, yes, paper check.

B2B 40

B2B Federal Reserve Payee FedWire 40

Stax

MAY 2, 2024

Direct ACH (Automated Clearing House) withholding – The lender deducts fixed amounts from your business checking account based on an estimated monthly revenue. For example, the higher your sales, the quicker you repay the MCA. This allows you to stick to a structured repayment schedule regardless of the sales.

Credit Cards 88

Credit Cards Small Business Finance Accounts 88