TeleCheck® LockBox Payment Service

SKU# TCKlockbox

The TeleCheck® LockBox Payment service provides you with a simple and convenient option for electronically processing mail or drop box payments.

TerminalsThe check is converted to an electronic transaction and then the funds are settled via the Automated Clearing House (ACH) network. This streamlines the check handling process, reducing bank fees, trips to the bank, paperwork and deposit preparation time. This service is ideal if you receive 250 checks or fewer daily. The LockBox Payment service is also available with verification or warranty risk service levels.

LockBox Pro 21 Verification service offers 100% check electronification through either ACH or image exchange (Check 21) settlement technology. Use this service if you receive many corporate checks, money orders or other ACH-ineligible items..

Quick Overview

The TeleCheck® LockBox Payment service is an accounts receivable check acceptance solution that provides you with a simple and convenient option for processing mail or drop box payments.

Benefits
  • Peace of mind that you will be paid for goods and services rendered
  • Funds go directly into your account, generally within two business days
  • Electronic processing makes the TeleCheck Lockbox Payment solution a faster and easier alternative to paper check processing
  • Make check handling more convenient and economical
  • Lower net cost for accepting checks as bill payment
  • Reduce paperwork, bank fees and handling expenses
  • Have greater confidence in accepting payment from unfamiliar check writers

View Your Statement Anytime

Follow this path to view your statements on Business TrackSM Reporting, Funding, Monthly Statement. Go to Business Track.

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