3 Flexible Lockbox Deployment Models for Modern Receivables
Editor’s Note: This article has been updated from its original publication in August 2018. Many organizations still receive a meaningful portion of...
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.
Reducing Check Fraud Risk Starts with Modernizing Check Processing
Despite continued investment in digital payments, check fraud remains one of the most persistent fraud challenges facing financial institutions...
How Lockbox Fits into a Modern Payments Strategy
Many businesses still receive a high volume of check payments, especially in utilities, healthcare, municipalities, property management, and...