Will lockbox remain relevant in a declining check landscape? Yes! The reason is today the common thread that binds electronic payment channels and check payments is the need for complete and accurate data related to a payment. This requires the capture, reporting and delivery of remittance information for B2B transactions. Lockbox is the technology that can provide a valuable “data bridge” between electronic and check payments improving the STP experience. Lockbox is uniquely positioned to extract payment data from multiple sources (check, ACH, RTP, etc.) independent of the money movement for consolidation and delivery. Regardless of its check-centric legacy.
The attendees will learn:
- The real value in the payment ecosystem – remittance data
- The value of consolidated payment data delivery
- The value of lockbox in the B2B payment experience