Remove ACH Remove Cash Management Remove Lockbox
article thumbnail

How AR Can Usher The Legacy Lockbox Into The Digital Age

PYMNTS

Take the lockbox, for example. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Lockbox 43
article thumbnail

Santander Commercial Bank Delivers New Products and Digital Capabilities to Drive More Seamless Client Experiences

Fintech Finance

Santander” or “the Bank”) announced today that is has expanded its suite of digital cash management solutions to enhance the commercial client experience while reducing its overall cost to serve. ” said Michael Lee, Senior Executive Vice President and Managing Director of Commercial Banking at Santander Bank.

article thumbnail

Bending Card Rails For B2B Payments Optimization

PYMNTS

But shifting priorities among buyers and suppliers have elevated the opportunity for cards to meet changing cash management needs. At the same time, unlike ACH, funds may not actually leave the company coffers for 30, 60 or even 90 days after the payment has been made, providing valuable capital float on the buy side. .

B2B 53