by Michael Tempesta | Feb 4, 2019 | Blog Post
I was talking with one of our financial institution clients the other day. The bank at which he works boasts only a handful of branches situated in a very localized footprint. Despite this, the banker was at our facility to meet a Tax Collector for a city well...
by Michael Tempesta | Oct 8, 2018 | Blog Post
This month’s article is a continuation of the lockbox payment lifecycle. When we last left our lockbox payment, it had been delivered to the lockbox processing facility, removed from its envelope, and batched with other payments in preparation for high speed...
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...
