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 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...
