Using a state-of-the-art integrated infrastructure, RemitStream® Wholetail Lockbox from Fiserv delivers third-party remittance processing designed to improve the cash flow from the collection and processing of both business and consumer payments.
Would you like to supplement fee-based revenues with no capital expenditures and, at the same time, expand your customer relationships? RemitStream Wholetail Lockbox, a customized mix of wholesale and retail lockbox services, offers your customers a robust solution to accelerate accounts receivable processing and information delivery for both business-to-business and consumer-to-business payments.
RemitStream Wholetail Lockbox efficiently collects and processes check payments on behalf of your lockbox customers and deposits them in the bank accounts your customers designate.
Benefits to Your Financial Institution
- Enhanced fee-based revenues
- Expanded lockbox services
- Increased deposits
- Consistent, high-quality processing
- Advanced, image technology
- Enhanced customer relationships
- No capital expenditures
- Variable costs tied to volume
Benefits to Your Customers
- Faster collections process
- Reduced mail float
- Accelerated cash flows
- Flexible, customized service
- Access to Web-based images on the same day they are processed with RemitStream Receivables Online
- Access to an image archive for online storage and research through RemitStream Receivables Online
- Timely reporting with a variety of delivery options