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Citizens Bank Working With CheckAlt On Lockbox Processing

PYMNTS

CheckAlt , which provides lockbox and treasury management services, is now working with Florida's Citizens Bank & Trust to provide the aforementioned services, a press release says. Previously, Citizens Bank & Trust processed lockbox payments in-house. Electronic payments still don't always have that down yet.

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How AR Can Usher The Legacy Lockbox Into The Digital Age

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Take the lockbox, for example. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. What is the role of a lockbox today? Modernizing the Lockbox. What is its historical role?

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Why The Time Is Right For Banks To Tap Into Integrated Receivables

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As it stands, many larger banks — and even mid-sized banks — tap into treasury management solutions for two reasons. And, on the lending side, to the extent that a bank is offering both a loan and treasury management services to a corporate, they have the entire relationship with that particular customer. percent to $3.6

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FIs Embrace FinTech Options To Bolster Business Banking

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Apollo Bank Adopts CheckAlt Lockbox Technology. Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasury management offering. PNC Acquires Tempus Technologies.

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FTNI Brings AR Automation To Horicon Bank Clients

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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.

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Wells Fargo Rated ‘Fastest Lockbox Network’

PYMNTS

Online banking and electronic payments have streamlined the depositing process for corporate treasurers, but somehow, a majority of their customers are still paying with physical checks. That’s where Wells Fargo says its lockbox network comes into the mix.

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