LockBox

LockBox Processing

A fully automated, online payment processing service, ideally suited for any coupon payment processing task.

TotalBank’s secure, browser-based online LockBox Service provides the highest level of financial control, efficiency, convenience and accuracy. And the browser interface is simple and easy to use.

Save Time, Save Money

• Management and handling costs are reduced and the service provides secure and easy access to check images and reports.
• LockBox payment processing saves time and increases convenience and productivity.
• TotalBank’s LockBox Service is secure. Access to the system uses multi-factor authentication.
• Payments are mailed to a P.O. Box and are processed every business day.
  
• Payments are credited to your designated account and the image is captured.
  

Retail Payment Processing

• Designed for companies receiving large volumes of coupon payments.
  
• Captures payment information and provides transmissions to update your accounts receivable.
  
• Retail LockBox transmissions can be tailored to the specific needs of your business.
  

Wholesale Payment Processing

• Accelerates the collection of large denomination checks
  
• Customers remit payments directly to a unique post office box
  
• Transported daily by bank courier to the Bank LockBox processing center.
  

Property Management Payment Processing

• Ideal for management companies with multiple homeowner associations
  
• Payments are received and electronically sorted, deposited into the correct association bank account, and an electronic posting file with the payment information is transmitted to the management company on a daily basis.