Lockbox Payer Payments Data 
PYMNTS
MARCH 18, 2020
As Biegel explained, a lack of data standardization across payment tools remains a challenge to the reconciliation and cash application process, even when that data is electronic. Lockbox Data Headaches. Automating Lockbox Data – And Beyond. ” asked Biegel.
PYMNTS
MARCH 30, 2020
Many companies rely on a bank/service provider to handle outsourced lockbox processing. And, in many cases, the FinTech has customers that still use a lockbox, but they still have some centralized operation that receive checks. All of those payments can be scanned and automatically reconciled as part of that process.
PYMNTS
MAY 7, 2020
According to Reed, Deluxe’s lockbox services process $2 trillion worth of paper check payments every year, and there is no silver bullet to transitioning that volume to electronic payment method all at once. “It really minimizes the disruption.”
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