Lockbox Services: Retail, Wholesale, and Wholetail
With 3 Point Alliance’s full range of lockbox services, your company can accelerate remittance collections while reducing per-item costs and mitigating risk.
Our retail, wholesale and wholetail remittance processing solutions can be seamlessly integrated with your existing processes – whether in-house or on an outsourced basis.
Retail Remittance Processing
Consumer-to-business remittances for high volume billers are easily handled with our RPS solution that speeds processing, improves cash flow, and mitigates non-compliance and other types of risk.
With Retail Remittance Processing, your company can take advantage of:
- Customized workflow that supports paperless processing
- A single, consolidated accounts receivables file
- High-speed processing with high through-put rates
- Check imaging, image retrieval and image archiving
We can scale our RPS solution to fit high-volume as well as smaller monthly volume customer needs.
Wholesale Remittance Processing
Designed to handle low-volume, higher dollar amount corporate-to-corporate payments, our Wholesale Remittance Processing services are fully image-based, and leverage a national network of processing locations in the United States for same-day processing.
Key attributes are:
- Timely deposit and remittance information availability
- Accelerate funds, improve overall cash flow
- Remote capture
- Access to front and back check images
- Web-based consolidated files – provide greater visibility and control of payments
- Data storage and retrieval available via online system
- Streamlined exception handling lowers cost per item with online decisioning, exception review and other features to reduce Days’ Sales Outstanding
- Expansive network of lockbox sites – includes multiple mail pickups daily.
Wholetail Remittance Processing
For low volume retail or high volume wholesale requiring specialized processing requirements, Wholetail Remittance Processing is the answer.
A hybrid solution that combines features of both retail and wholesale remittance processing, customers may require a Wholetail Lockbox for processing both corporate-to-corporate and consumer-to-business payments.
Any number of customized item processing services are available to 3 Point Alliance Wholetail Lockbox customers such as:
- Customized reports
- Mismatched item reconciliation
- Ability to process multiples (one coupon with more than one check or vice versa)
- Check only, no coupon
- Manual Data Capture
- Database lookup and validation
- Other exception item processing
Our Wholetail Remittance Processing solution provides:
- Integrated receivables platform – aggregates payments from multiple payment sources
- Secure Web-based portal for online decisioning tools, data retrieval, payment visibility and more
- Instant customer access to reports and account activity, same-day availability to images
- Remote Capture – Check, invoice and coupon captured at remote sites
- Lockbox Imaging – State-of-the-art document imaging
- Reduce payment float time
- Business continuity and disaster recovery processes
- PCI-compliant; HIPAA; SSAE 16