How Resilient Are Your Receivables to Postal Disruption?
For organizations that receive payments through the mail, the U.S. Postal Service (USPS) is an important part of the receivables infrastructure. ...
The Growing Risk of Check Fraud
Approximately 30% of payments received by companies are made through checks.
At the same time, check fraud and subsequent financial losses are on the rise. So, it's no surprise that financial institutions (FIs) cite external fraud as their top organizational risk.
These disruptions are straining businesses and their cash flow, highlighting the urgent need for reliable, online payment options that eliminate dependence on the postal system and keep operations running smoothly.
Lockbox vs. Electronic Lockbox: What’s the Difference?
Businesses today have more ways than ever to receive payments. Customers can mail checks, initiate payments through their bank's online banking bill...