Use Wholesale Lockbox services to reduce the time it takes to receive mailed payments, process them and make them available for business use.
- Your customers mail payments using a special lockbox address.
- We collect payments multiple times daily.
- We process payments and deposit them to your account.
- You receive daily details on processed payments so you can update accounts.
- You may access check images for viewing online.
Cash Concentration
Anything from standard ACH origination to a customized concentration platform distinguished by various methods of collecting and reporting data, tailored to the specific needs of your company.
- Suited particularly for companies with multiple deposit accounts
- Makes daily preauthorized debits against local banks
- Concentrates funds in your operating account
- Allows for transactions to be effective, usually the next business day
