PYMNTS

MARCH 30, 2020

Many companies rely on a bank/service provider to handle outsourced lockbox processing. One of the first calls they should be making to their provider, Berdan said, is to ask how COVID-19 is impacting them and if the provider’s workers are allowed to come into work. remote work) layered on to that process.

Lockbox 60

Lockbox FinTech Payer Push-to-Card 60

PYMNTS

MAY 7, 2020

” That understanding means service providers cannot force corporates away from paper. 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. .”

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

JULY 22, 2019

percent of survey respondents reporting that they are “very” or “extremely” satisfied with paper checks, it seems like B2B payers really don’t find them to be all that bad. Clark emphasized the importance of third-party service providers delivering a clearer message to accounts payable departments. Keeping the Supplier In Mind.

B2B 57

B2B Reconciliation Checks Lockbox 57

PYMNTS

MARCH 18, 2020

Lockbox Data Headaches. While working from home can present a major challenge for AR teams receiving checks in the mail, Biegel noted that more often, businesses are accepting these payments via banks’ lockbox services. Automating Lockbox Data – And Beyond. ” asked Biegel.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

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