Why The Time Is Right For Banks To Offer Integrated Receivables
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). With electronic payments, a corporation might be left with a tedious reconciliation process. But those trends are on the decline, according to Berdan, as more payments become electronic.
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