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 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.

Checks

PYMNTS

MAY 7, 2020

According to Reed, Deluxe’s lockbox services process $2 trillion worth of paper check payments every year, and there is no silver bullet to transitioning that volume to electronic payment method all at once. With paper check volumes so large, it can be overwhelming to consider how to digitize all of those payments.

Checks