PYMNTS

DECEMBER 11, 2020

Today, many accountants continue to rely on outdated processes to create lackluster invoices for their customers. The days of managing partners buying into the physical lockbox, counting checks and trying to deposit them are waning," he said. "We The Customer Experience.

Accounts 89

Accounts Lockbox Automation Checks 89

PYMNTS

JANUARY 13, 2021

AI has changed the order-to-cash (OTC) landscape, allowing teams across the various processes to be much more efficient while driving continuous improvement of those processes. He noted that for some collections, an “acceptable timeframe” may be within terms; for others, it may be terms plus 10 days (hypothetically speaking).

Process 94

Process AI Accounts Lockbox 94

PYMNTS

JULY 15, 2020

CheckAlt , which provides lockbox and treasury management services, has struck a partnership with credit union service organization (CUSO) Tru Treasury to help credit unions attract new members and boost services, a press release says. The partnership touts its ability to work in both paper and electronic services.

Credit Union 52

Credit Union Treasury Reconciliation Credit Union Service Organization 52

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. And as the check volume continues to decline, those electronic payments are increasing. However, corporates are receiving payments through all sorts of channels. percent to $3.6

Lockbox 40

Lockbox Treasury Management Treasury Wire Transfer 40

PYMNTS

APRIL 30, 2020

But as innovation targeting the ACH network accelerates, there will continue to be challenges ahead for the public sectors. In addition to its new cash application capabilities, accounts receivable technology provider Invoiced recently announced a virtual lockbox solution aimed to address the friction of paper checks.

Innovation 73

Innovation Global Payments Cross-Border ACH 73

PYMNTS

JANUARY 9, 2019

Continuing an acquisitive strategy that seeks to expand integrated payment capabilities, Paya said on Tuesday (Jan. First Billing will continue to operate under its existing brand, the companies said on Tuesday. Build or buy — or how about buy, then build? First Billing serves more than 600 utility and municipal government clients.

ISVS 63

ISVS Governance Government ISOs 63

Fintech Finance

NOVEMBER 14, 2024

With an increased focus on mobile banking and investments in treasury products, the Bank will continue to expand its offerings in 2025. The remote check deposit service continues to be enhanced in 2024. This service streamlines processes and improves working capital, helping drive stronger end-customer relationships.

Online and Mobile Banking 52

Online and Mobile Banking Product Cash Management Treasury 52

PYMNTS

APRIL 16, 2020

Businesses continue to make tough decisions to cope with volatility fueled by the coronavirus pandemic. With personnel working from home, this company could no longer cut and send checks to pay suppliers because AP staff couldn’t access the checks stuck in a lockbox in the office.

Finance 75

Finance Automation Lockbox Checks 75

PYMNTS

OCTOBER 29, 2020

I'm not here to say checks are a growth business forever,” he told Webster, even as some verticals such as restaurants will continue to pay their vendors and workers with checks, simply because they’ve been around for so long. But incrementally, the digital shift is making headway. trillion a year — that’s 10 percent to 15 percent of the U.S.

Checks 78

Checks B2B Payments C2B 78

PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other.

Use Case 64

Use Case Payment APIs and Integration FinTech Payroll 64

Fintech Finance

APRIL 26, 2024

The transaction creates a B2B payments powerhouse whose continued goal is to revolutionize payments by expanding the largest, fastest, and most cost-efficient B2B payments network. Paystand , the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay , an industry-leading spend management software.

B2B 52

B2B Acquirers Lockbox Payments 52

PYMNTS

JANUARY 29, 2020

Michael Cichy, general manager of the Americas at Palette Software , said FIs continue to face barriers when developing products and services that can compete with agile FinTechs. This is a classic build-versus-buy decision,” he told PYMNTS. Time to market and cost are the primary challenges banks will face” in developing their own products.

P2P 52

P2P Lockbox Payment Reconciliation Value Added Service 52

PYMNTS

NOVEMBER 15, 2019

It’s going to be in a format that is very cumbersome for the supplier to bring into their systems,” he noted, adding that lockbox services and manual data entry costs hit businesses hard. . “While you can send unlimited remittance detail with a check, it’s going to be on paper.

B2B 53

B2B Commercial Card Payments ACH 53

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

DECEMBER 5, 2017

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

MAY 7, 2020

With many AP and even accounts receivable (AR) departments continuing to prefer paper check payments, service providers risk an unfavorable customer experience — or worse, costly operational disruption — by forcing clients to move to a different payment method. Preserving Check Workflows. “It really minimizes the disruption.”

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67