Lockbox
Simplify Receivables with Secure, Efficient Check Processing
The secure, automated lockbox solution that converts paper checks into digital transactions quickly and efficiently—streamlining receivables from start to finish.
The Challenge with Paper-Based Payments
Despite the rise in digital transactions, many businesses still rely on checks, leading to slower payment cycles, increased manual processing, and delayed access to funds. Our lockbox solution eliminates these inefficiencies by digitizing paper checks—giving your business faster access to funds and cutting down on operational burdens.
Accelerate Payment Cycles with Next-Day Clearing
Convert checks into digital funds quickly with our nationwide processing network, which ensures next-day clearing to improve financial agility and simplify reconciliation.
- Nationwide Coverage: Strategically located processing sites speed up payment delivery.
- Better Cash Flow: Automated processes reduce delays and improve accuracy.
- Flexible Deployment: Choose fully managed, hybrid, or partial outsourcing to fit your needs.
What Sets CheckAlt’s Lockbox Apart
With CheckAlt, you get more than just a lockbox processing service—our solution integrates with your existing systems, optimizes your receivables, and offers a tailored approach to both paper and digital payments.
Automated Processing
Eliminate time-consuming check handling, freeing up resources for higher-value tasks.
User-Friendly Portal
Access payment data, review exceptions, generate reports, and manage permissions in real time.
Seamless Integration
API connections to ERP and accounting software streamline data flow and reporting.
Comprehensive Solution
Pair our traditional and electronic lockbox solutions to efficiently manage both paper and digital payments.
Enhanced Security for Peace of Mind
CheckAlt prioritizes data protection with advanced security measures, including account masking and aliases, ensuring every transaction is secure and compliant. Built to meet rigorous industry standards, our lockbox solution provides peace of mind for handling sensitive payment information.
How To Get Started with Lockbox
Getting started is simple. Our team will guide you through setup and implementation for a smooth transition. Contact us to discuss your needs and discover how Lockbox can transform your payment processes.
Frequently Asked Questions
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How does Lockbox work?
Checks and other paper-based payments are received at secure USPS P.O. Box addresses across our nationwide network. Payments are sorted, scanned, and reported electronically, with next-day clearing to accelerate cash flow.
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What are the benefits of using a lockbox?
Compared to manually processing check payments, our lockbox service accepts, processes, and digitizes these payments for you. This simplifies reconciliation, reduces manual handling, and ensures timely access to funds. With easy online access and customizable features, businesses can manage payments more efficiently and securely.
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Where are CheckAlt’s processing centers located?
Our network spans the U.S., including major cities like Los Angeles, Miami, Atlanta, New York, and Dallas, and more. This ensures fast, secure processing for businesses nationwide.
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Can I customize this lockbox service to fit my needs?
Yes, we offer tailored solutions to align with your specific payment processing requirements. Choose from fully managed, hybrid, or partial outsourcing models to best suit your operational needs.
Ready to Simplify Check Deposits?
For financial institutions and businesses alike, our scalable, efficient lockbox solution enhances payment processing and streamlines receivables.
Contact Sales
Our team is here to help answer your payment management questions, and show you our solutions.