PYMNTS

MARCH 30, 2020

Many companies rely on a bank/service provider to handle outsourced lockbox processing. And, in many cases, the FinTech has customers that still use a lockbox, but they still have some centralized operation that receive checks. Companies may also be able to turn on the acceptance of credit cards on payment portals.

Lockbox 60

Lockbox FinTech Payer Push-to-Card 60

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 22, 2020

Second, AR professionals working from home could no longer run credit cards from their desks or accept paper checks in the mail. When we explain it, we see the light bulbs go off, but there is not a lot of market awareness about a digital lockbox, so we have to educate people on that," he said. Going Public.

B2B 89

B2B Lockbox Remittance Data Payments 89

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.

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. 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.

B2C 46

B2C Lockbox ACH IRS 46

Stax

MAY 2, 2024

you’ll pay a total of $112,500 You then repay the MCA from your future credit card sales. Trust or lockbox account – The MCA lender opens a separate account for all your debit and credit card sales and takes a portion that goes toward repayment, before sending the rest to your business account.

Credit Cards 88

Credit Cards Small Business Finance Accounts 88

PYMNTS

DECEMBER 11, 2020

"It's a very painful experience from a customer perspective," said Adams, pointing to the process of having to manually mail in checks or access separate online interfaces to enter invoice and credit card information to pay bills. There is a lot of friction in that process.".

Accounts 89

Accounts Lockbox Automation Checks 89