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. As an example, Company A might receive an invoice for $10,000.

Lockbox

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

PYMNTS

JANUARY 31, 2018

The company then provides customers with a lockbox for their keys, and walkers are given the code so they can pick up the dog. Then, earlier this month, it was revealed that information such as client addresses and lockbox codes was accidentally exposed on the company’s web pages.

Lockbox

PYMNTS

JANUARY 29, 2020

Banks’ factoring and trade finance offering, for example, can improve origination and underwriting processes by analyzing clients’ P2P data.

P2P

Stax

MAY 2, 2024

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. One unique thing about this lender is that you can borrow more funds once you’ve repaid 60% of the original loan.

Credit Cards