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Retail Lockbox

Automate your collections and invoice processing for high-volume, low value checks.

  • Accelerates collections of accounts receivables across the country.
  • Reduces accounting staff costs associated with manual processing.
  • Consolidates a number of different payment streams.

Service Overview
Saves time
  • Minimizes float on mail and lags in payment processing, improving funds availability.
  • Provides secure, efficient and accurate collection and posting of receivables.
  • Accelerates collections across the country through multiple locations.
  • Delivers accurate, flexible and timely reporting on payments via electronic transmission, hard copy reports or Internet reporting.
  • Provides check invoice and coupon images for record-keeping.
  • Eliminates rekeying into accounts receivable system through automatic uploads.
Saves money
  • Reduces staff expense for accounts receivables processing and deposit handling.
  • Processes mulitple payment types: check, credit card and the consolidation of home banking payments.
Security
  • Improves internal fraud control by automating some check handling.
Convenience
  • Compatible with most accounting systems.
  • Automates A/R deposits, check processing, and imaging.
  • Provides a range of check and payment coupon images file options: batch transmission, image transmission, CD-ROM (daily, weekly, monthly), online access and online exception handling access.

View additional information about Retail Lockbox (PDF)

Want to Learn More?

Our Cash Management representatives are ready to work for you—with local, personal attention backed by all the resources, products and global capabilities you need to succeed. To find out what it's like to have a good bank on your side, schedule a meeting today:

By Phone: 1-877-550-5933
By Email: clientservices@rbscitizens.com

 

 

Contact a Product
Specialist today:

1-877-550-5933

(Mon-Fri 7am-8pm, EST)

clientservices@rbscitizens.com