Retail/Wholesale LockBox

Let CB&T help you speed payment collections, turn receivables into usable funds more quickly, and eliminate the expense of processing remittances.

With a retail or wholesale lockbox, you can:

• Improve cash flow through automated payment processing that provides more rapid access to deposits.
• Enhance funds availability by quickly converting payments into productive cash and increasing working capital.
• Process transactions more accurately through scanning software that offers double verification of payments and automatically generates deposit slips.
• Save time by eliminating the need for manual procedures such as opening mail, processing payments, and preparing deposits.
• Save money by reducing or eliminating transportation and courier fees.
• Access accurate reports of deposit amounts, funds availability, and payment information — including electronic images of processed payments and coupons.
• Get complete control over defining and modifying reporting parameters, including coupon formats, data file formats, data delivery options, exception processing, and status reporting.