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Lockbox Processing Services
Do you manually process your customer payments? Or is the cost to upgrade your existing equipment too expensive? Here is a cost-saving option to consider. Outsource your lockbox processing function to Alliance Payment Solutions. Our sole objective is to provide lockbox processing services at a competitive price, using the most advanced image-based remittance system available. In turn, your cash flow and employee productivity improves.
The Advantages of Outsourcing
Alliance's lockbox processing services will provide you with immediate results. Transaction processing can be costly if done in-house. However, by outsourcing this segment of your operations area, your key advantages include:
  • Same-day deposit
  • Lower cost per item
  • Reduced overhead costs
  • Easy access to data
  • High accuracy rates
  • Low risk; high security
  • Who Can Benefit?
    Companies that can benefit from our lockbox services are those who process payments manually, have an in-house system or those who already outsource. Banks, credit unions, government municipalities, insurance companies, telephone and cable companies, universities and charitable organizations are specific examples.

    With image-based remittance processing, manual payments can be replaced with our system and accurate workflow. This process reduces errors by the use of image technology. Daily reports will be supplied for immediate use. Research will be available online, instead of manually pulling a coupon. Deposits will be prepared faster, allowing you to maximize interest. Financial institutions can also use Alliance as a private label resource, which keeps sensitive customer information away from competing banks.

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