by Michael Tempesta | Sep 4, 2018 | Blog Post
Continuing with articles that help with understanding how lockbox works, the following is an article on lockbox payments 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 paying...
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 remittance processor 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 TJ Drunsic | May 8, 2018 | Blog Post
A lockbox is one of those cash management services that community banks are asked for from time to time, and it is a service community banks need to have in order to compete with the larger banks. We find that often a community bank will be faced with a situation in...
by TJ Drunsic | Apr 3, 2018 | Blog Post
With the importance of mail float in the payments industry, it used to be necessary to keep your p. o. box and lockbox processing site local. The reason for this is that mail once took several days if not weeks to get from one side of the country to another. But...
