Wachovia Corp. - one of the more proactive banks in the automated clearing house world - said Monday it will outsource its retail lockbox processing to Remitco LLC, a First Data Corp. subsidiary.

The banking industry uses a variety of technologies and methods for transacting money exchanges. Lockbox payments exist as an alternative method used by banks for managing customer invoice and payment ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...

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SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Paystand – the fastest-growing, blockchain-enabled B2B payments platform – today announced its Gold sponsorship of Sage Transform, Sage’s premier event for the ...

Hudson Valley Bank’s new product, named “Lockbox TS” (Total Solution), is designed to automate payment processing, accelerate exception clearing and streamline record retention and research. Lockbox ...

Constant cash flow is the most significant aspect of every business. But depositing cheques is always a complicated task for small businesses. It can be painful for the businesses to go to the bank to ...