Payment Processing Solutions (Lockbox)

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 service will:

• 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:

1. Pick up the mail at the Post Office
2. Open envelopes
3. Separate and sort coupons and checks
4. Post payments
5. Reconcile payments and invoices
6. Endorse checks
7. Create deposit slips
8. 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!