RemitStream Retail Lockbox

RemitStream Retail Lockbox services process payments that are accompanied by machine-readable coupons. Approximately 90 percent of the retail lockbox payments received at our lockbox processing sites include these coupons. The coupons enable processing in a high-speed, automated environment, which improves information processing accuracy. Examples may include property management payments, consumer loan payments and utility payments.

Benefits to your financial institution include:

• More accurate, more consistent and higher quality lockbox processing
• Increased fee-based revenues
• Expanded lockbox services
• Increased deposits
• Improved customer relationships
• Reduced capital expenditures

Benefits to your customers include:

• Faster, more accurate collections process
• Reduced mail float
• Accelerated cash flows
• Flexible, customized service
• Faster access to receivables information for improved customer service
• Access to Web-based images same-day with RemitStream Receivables Online
• Access to an image archive for storage and research with RemitStream Image Lockbox
• Timely reporting with a variety of delivery options