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). Typically, this technology comes in the form of a scanner at the location of a business, where checks get mailed on a daily basis.

Remote Deposit Capture 63

Remote Deposit Capture RDC Lockbox ACH 63

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. With payments coming in by check, DadeSystems Chief Marketing Officer Tom Berdan told PYMNTS in an interview that “seemed to solve most of their needs.”

B2C 46

B2C Lockbox ACH IRS 46

PYMNTS

OCTOBER 23, 2020

Leavitt , founder and CEO of Boost Payment Systems , told PYMNTS in a recent Masterclass that businesses large and small that have traditionally relied on the manual processes associated with writing checks or wiring funds to pay their suppliers are increasingly using commercial credit cards for payment instead.

Commercial Card 82

Commercial Card Push-to-Card Lockbox Wire 82

PYMNTS

OCTOBER 25, 2019

While treasury management has always been a critical component of bank offerings, most treasury management solutions today are limited to lockbox processing. And the banks have done a good job standing up that solution to handle the check payments from those corporate customers. percent to $3.6 billion per NACHA.

Lockbox 40

Lockbox Treasury Management Treasury Wire Transfer 40

Fintech Finance

NOVEMBER 14, 2024

The Bank expanded its suite of digital cash management solutions with the following new products and services in 2024: Digital Checks: Clients can now send check payments faster and more securely via email while reducing or eliminating costs associated with paper checks. to offer clients mobile virtual cards.

Online and Mobile Banking 52

Online and Mobile Banking Product Cash Management Treasury 52

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.

Remote Deposit Capture 40

Remote Deposit Capture Online and Mobile Banking Automation Lockbox 40

PYMNTS

NOVEMBER 15, 2019

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. “While you can send unlimited remittance detail with a check, it’s going to be on paper. .

B2B 53

B2B Commercial Card Payments ACH 53

PYMNTS

DECEMBER 5, 2017

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. It’s interesting to note that 25 percent of those who pay their mortgages by check told Fiserv they would switch to eCheck payments if given the option — no additional prompting required.

Consumer 56

Consumer Same Day ACH C2B B2C 56

PYMNTS

JUNE 24, 2016

On the back end, they also want to be able to make payments using the method that is most convenient to them, whether that be paper checks, ACH transactions or even using credit cards. But an interesting question was posed: Are lockbox operations an obvious target for receivables disruption?

Lockbox 43

Lockbox Push-to-Card Automation Process 43

PYMNTS

AUGUST 7, 2018

businesses, more often than not, pay their suppliers via paper check still draws quizzical reactions from professionals abroad. understand that paper checks are slow, expensive and risky, and yet they endure. The revelation that U.S. The corporate and financial services communities in the U.S.

B2B 40

B2B Federal Reserve Payee FedWire 40

Stax

MAY 2, 2024

Direct ACH (Automated Clearing House) withholding – The lender deducts fixed amounts from your business checking account based on an estimated monthly revenue. For example, on top of the documents needed when applying for an MCA, the lender will also need to check your credit rating.

Credit Cards 88

Credit Cards Small Business Finance Accounts 88