ACH Automation Lockbox 
PYMNTS
SEPTEMBER 18, 2018
When it comes to treasury market offerings, banks have historically started wholesale and retail lockbox businesses. But, as payment types and payment channels have grown to become more electronic, the amount of lockbox payments is declining rapidly. Most commonly, those payments are sent by automated clearing house (ACH).
PYMNTS
APRIL 30, 2020
This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. ACH Gets A Boost In The Public Sector. Invoiced Tackles The Friction of Check.
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). That is, corporates receive wires and credit card payments, and they are seeking to automate them with integrated receivables solutions. If they are lucky, they might use an Excel spreadsheet.
PYMNTS
OCTOBER 23, 2020
Leavitt said he’s had “phenomenal success” demonstrating the benefits of commercial card use and acceptance by citing the acronym “PARTS,” which stands for “pricing, automation, reporting, timing of payments and security.”. He added that of equal importance to these massive but passive automated payments is data exchange.
PYMNTS
FEBRUARY 4, 2020
Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. Data’s Favorite Payment Rails.
PYMNTS
JULY 5, 2019
Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. If they are using the bank lockbox, some of the information coming through that channel might not arrive until late in the day or the next day.
PYMNTS
FEBRUARY 22, 2017
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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