Lockbox Processing

Creditron offers an end-to-end image-based solution that enables the processing of retail, wholesale and whole-tail lockbox transactions on the same platform.

Our flagship lockbox solution combines advanced imaging, data recognition and workflow technologies with user-defined business rules and processes to drive down operational costs, increase revenues, enhance customer service and give lockbox providers a competitive edge.

Especially designed to process a wide range of remittance documents, our solution includes capabilities for: CAR/LAR; OCR; payee verification; scan-line repair; check and stub amount entry; balancing; mark sense detection; host application integration; MICR lookups; user-defined automated deposit cutoffs; image-based data entry; comprehensive reporting and auditing; image archive and delivery via fax, email and Internet; and page scanning.

What’s more, with our user-configurable setup program, providers can quickly and easily add customers to the system or setup: workflows (one-pass, two-pass or hybrid), lockboxes, data entry requirements, cutoff times, reports, group notifications, and DDA accounts for billing.

Creditron also enables processors to clear payments electronically via Check 21 or ACH—accelerating the collection process, speeding processing turnaround and slashing float and risk. And our integrated distributed capture module speeds posting further.

Whether the application is retail, wholesale or whole-tail lockbox processing, our solution can support most payment applications for lockbox providers of any size. And the scalable, feature-rich design of our solution is proven to help lockbox providers grow their volumes.

Key Features

• Open, component-based architecture
• Highly scalable and reliable
• Flexible workflow and business processes
• Advanced data recognition for processing/Validation
• Support for multiple scanners/Transports
• Robust image archive and delivery
• Reduced cost and time for re-association