Advancements in imaging and recognition technologies have revolutionized the remittance and lockbox processing landscape, creating benefits for financial institutions and their customers. Cole Technology Group partners with Metavante Image Solutions to provide an integrated lockbox solution for processing retail, wholesale and wholetail lockbox transactions, supplemental remittance documents and electronic payments.

Lockbox enables financial institutions to capture, process, encode and post the collection of payments and account information for numerous corporate customers. With the implementation of an image-based lockbox solution, financial institutions are able to eradicate the high costs and inefficiencies of traditional lockbox processing while customers experience the benefits of reduced float and improved funds availability.

Lockbox Features:

• Same-day delivery of all receivables information in a variety of formats
• Multiple payment types - checks, ACH, wire, credit card
• Multiple payment workflows - wholesale, OCR wholesale and retail
• Check conversion and image exchange functionality
• Integration of paper-based and electronic payments
• Distributed capture option
• Highly secure access and information delivery
• Complete archive and delivery services

Create new revenue opportunities while maintaining your competitive edge with an advanced, cost-effective lockbox solution from Cole Technology Group.