Payment Processing Solutions (Lockbox)
Collecting customer payments made easy with
Payment Processing Solutions
Save time, reduce costs.
We would like to introduce a new service providing faster, more efficient processing
of your customers' remittance payments.
1st Commerce Bank
can streamline the processing of your receivables and then deliver a payment posting
report in a custom electronic or hard copy format. Our Payment Processing Solutions
- Reduce time spent receiving and depositing customer payments
- Reduce cost of processing payments
- Improve access to customer payment information with detailed reporting
- Speed availability of funds
- Reduce or eliminate paper retention
Instead of mailing monthly payments directly to you, your customers will mail them
to a dedicated Post Office Box. Payments are picked up and processed daily and the
checks are electronically deposited into your bank account. The prompt availability
of funds allows more earning potential for your business. Remittance images and
deposit information is available to you via a safe and secure website.
Remittances ranging from check only to fully encoded payment coupons can be processed
with this automated system, eliminating manual data entry and photocopying of checks.
It's fast and reduces human error.
How much time does it take you to:
- Pick up the mail at the Post Office
- Open envelopes
- Separate and sort coupons and checks
- Post payments
- Reconcile payments and invoices
- Endorse checks
- Create deposit slips
- Take deposits to the bank
Eliminate these steps with Payments Processing Solutions. Now you will have time
to focus on what you do best, growing your business.
Call for your FREE analysis today!