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).

Lockbox

PYMNTS

OCTOBER 22, 2020

The industry thinks, if we can just get this payment on ACH or card, the problem goes away," reflected Lane. With ACH , the biggest challenge often comes in the form of remittance data being emailed separately from the movement of funds. And one buyer-supplier relationship may benefit from the familiarity of ACH more than another.

B2B

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.

Innovation

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. However, as check volumes are now on the decline, B2C companies are receiving payments from other channels, such as bill payment sites.

B2C

PYMNTS

OCTOBER 29, 2020

Stretching back to March and April, as the pandemic hit, the decline has been evident in daily, monthly and quarterly check order volumes. Lower business volumes translate, naturally, into lower check volumes. A temporary lull. trillion a year — that’s 10 percent to 15 percent of the U.S. You completely remove that paper.

Checks

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. Those may include automated clearing house (ACH), wire transfers, credit cards and payments through payment portals. percent to $3.6 billion per NACHA.

Lockbox

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. Together, this represents a dual-sided advantage that is key for vendors who are struggling in a climate of late payments and a lack of predictability.

B2B