Traditionally, Wholesale Lockbox services have been geared toward serving businesses that receive high-dollar, low-volume cheque payments. They accelerate cheque collections and expedite the availability of funds, while reducing the amount of time and money spent processing customer remittances in-house.

The “New” Wholesale Lockbox is more complex. The movement away from paper cheques toward more electronic payments necessitates a Lockbox platform that can efficiently integrate paper and electronic receivables, coupled with forms recognition, complex decisioning engines, multiple cheque presentment options, sophisticated exception handling and flexible, powerful workflow tools.

Today, J&B Software powers some of the most sophisticated Wholesale Lockbox environments operating in large money-center banks. Find out what we can do for you.

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