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Home : Products and Services : Treasury Services : Treasury Management : Managing Receivables : Wholesale Lockbox

Wholesale Lockbox

Faster cheque-based remittance processing & access to cash

Wholesale Lockbox processing is an efficient way to collect B2B remittances and convert them to usable funds: your customers simply mail payments directly to a post office box for same-day processing. You’ll be able to put your funds right to work, covering expenses, reducing debt, or investing in your company.

Our advanced cheque-imaging capabilities make it easy to keep track of remittances:

DirectLine^® service

Search and view cheque images online, anytime, easily
View images of every cheque, invoice, document, envelope and correspondence
Download both intra-day and end-of-day reports

Bulk Image Delivery Service
Receive a secure electronic file containing all your processed cheque images on a daily basis. Bulk Image Delivery allows the quick and easy transfer of a large volume of cheque images automatically utilizing a “system to system” communication.

Choose your preferred file communication method
Optional Pretty Good Privacy (PGP) file encryption is available for added end to end internet security

CD ROM

Contains images of remittance information, including cheques, invoices, envelopes and correspondence
Mailed to you on a weekly or monthly basis
Optional archive feature keeps images and remittance information available for a period of 90 days

Benefits:

Convenient access to cheque images: lets you choose the best delivery option for your business
Reduced costs – eliminates the need to collect, open and sort mail, or process and deposit cheques
Improved security – helps cut the risk of theft or fraud by keeping cheques out of your office
Informed decision-making – delivers remittance details daily, by fax or online via the DirectLine^® service, keeping you in the loop
Faster access to funds – deposits funds in your account the same day payments are received

For more information, contact us or speak with your Global Treasury Management representative.