A lockbox in banking is a secure system used by businesses to collect and process payments. Customers of these corporates and merchants send their payments directly to designated post office boxes, which are managed by financial institutions. This service streamlines cash flow management for the businesses and enhances the efficiency of payment processing.
Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com
marketing@alogent.com
+1-678-966-0844
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