Remove Lockbox Remove Remittance Data Remove Wire
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How AR Can Usher The Legacy Lockbox Into The Digital Age

PYMNTS

Take the lockbox, for example. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

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Commercial Cards: It’s All About The Data

PYMNTS

“There is an expectation that when there is some form of transaction between trading partners, usable data will also flow between them,” said Leavitt. Even the least sophisticated accounting systems have an ability to organize remittance data into usable information. Data’s Favorite Payment Rails.