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...
by Michael Tempesta | Feb 5, 2018 | Blog Post
Remote Deposit Capture (RDC) and Remote lockbox are just two innovations made possible by the passage of Check 21, which I touched upon in a prior article. Both RDC and Remote Lockbox will both deposit your checks electronically, and save you a trip to the bank. That...
by Michael Tempesta | Jan 10, 2018 | Blog Post
You may never have heard of an Image Cash Letter before, but this little advancement has completely revolutionized how banks clear checks. Not that long ago, checking account holders were used to getting their physical paper checks returned to them with their...
by Michael Tempesta | Dec 4, 2017 | Blog Post
As a third-party lockbox service provider, whenever we partner with other banks, the primary reason for this arrangement is to enable these financial institutions to offer lockbox services to their customers who want it. That said, when you’re working for a firm...
by Michael Tempesta | Nov 7, 2017 | Blog Post
If you’re a bank that doesn’t offer lockbox processing, or a bank that maintains a bare-minimum in-house courtesy, you might be missing out on leveraging a lockbox service provider to its fullest potential. Below are just a few of the reasons why you might want to...
