LockboxPlus offers streamlined consolidation and ultimate convenience.
Consolidate incoming payments into an electronic lockbox created to your specifications. Our rigorous error detection ensures proper payment posting, reducing your costs as well as increasing customer satisfaction.
• We combine hundreds of sources into a single electronic posting file that is compatible with your proprietary format.
• Centralized data means no more hassling with multiple deposits—a simplified way to process reconciliations and manage your accounts receivable.
• You’ll have no need for manual intervention because posting files are created to your exact specifications.
• Digital Scanline® technology instantly detects invalid information based on your account specifications, ensuring that account numbers and payment instructions are 100% postable before they even get to you.
• Your workload will decrease because of the dramatic reduction in posting errors.
• Along with reduced costs, you can count on happier customers and fewer calls to your customer service center.
With the most accurate error detection in the industry, we take every measure to get things right the first time.
How it Works
Validate payment information—Before payments are sent to you, Digital Scanline® technology uses algorithmic validation or exact data matching to verify that account numbers are valid.
Transmit data—Online Resources sends you all of your payments, regardless of which platforms your customers utilize when the payments are initiated, in a single posting file.
Deposit funds—You receive a single ACH credit to any bank you specify.
Accommodate everyone—if you can't receive an electronic payment file, we ensure that you can access your payment data via the Internet.
If you’d like more information about this product, please contact us.
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