We specialize in helping retail remittance processors or receivables collections processors as called in some countries, work with difficult-to-process clients such as utility processors, property managers, and mortgage accounts. The flexibility and functionality of our systems enable you to handle these accounts with a high degree of automation. You can offer both efficient, high-quality output and reasonable pricing.

As a bank, your customers receivables are a valuable asset. Your job is to protect and optimize those assets. Ours is to help you do it.

J&B Software’s Retail Lockbox application is designed for organizations that receive a high volume of small-dollar consumer remittances on a recurring (typically monthly) basis. These remittances are usually generated from a consumer for payment to a utility, communications, or financial services company.

J&B Software’s Retail Lockbox provides a comprehensive, cost effective solution that enables Retail Lockbox processors to adopt modern technologies and processing methods, while retaining the best aspects of conventional processing. We help our clients turn their customers receivables into cash quickly, and minimize the risk of loss due to fraudulent payment processing, while accelerating collections and simplifying receivables updating.

By capturing and storing images of all documents, our Retail Lockbox solution runs as a one-pass and/or two-pass workflow. All data entry is done from the image, increasing throughput and reducing manual intervention. With multiple workflow options and technology implementations, customers can process the widest variety of incoming transactions including check only, full-page with check, insurance claims, invoice or tax correspondence.

back to top | back to wheel