by Michael Tempesta | Sep 4, 2018 | Blog Post
Continuing with articles that help with understanding how lockbox works, the following is an article on the lockbox payment lifecycle that describes how a payment is processed from beginning to end. As consumers, I’m sure you’re quite accustomed to the concept of...
by Michael Tempesta | Aug 6, 2018 | Blog Post
For those of you who read my articles, you’ll note that I spend a lot of type talking about lockboxes in general, without regard for the various lockbox types most often encountered. And so for this article, I wanted to speak about the differences between a wholesale...
by Michael Tempesta | Jul 9, 2018 | Blog Post
Businesses use a lockbox provider to speed up the collection of mail-based payments from its customers, thus improving cash flow. In addition to electronically depositing those payments, a lockbox provider can also attribute those transactions to specific customer...
by Michael Tempesta | Jun 6, 2018 | Blog Post
It could be said the ebb and flow of core deposit growth in banks is influenced more by external factors than by internal factors. For example, a down stock market typically triggers a flight to safety from riskier investments to FDIC-backed accounts, which in turn...
by Michael Tempesta | Mar 1, 2018 | Blog Post
Processing donations on behalf of non-profits is a major lockbox vertical. Within the non-profit space, they refer to it as ‘caging services’. The lockbox service provider, in conjunction with a direct mail firm, perform this function in concert, with the...
