Unlocking The Lockbox Business

Sisk, Michael
March 2009
Bank Technology News;Mar2009, Vol. 22 Issue 3, p25
Trade Publication
The article discusses the old-fashioned way of corporate payments in the U.S. It states that despite the increasing use of electronic billpay, other businesses prefer the traditional way and want to use it for some time. It notes that the method may lead to errors and inefficiencies. According to Bob Meara, a senior analyst at Celent, advanced lockbox solutions can read long payment transactions and transform it into an electronic format.


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