Regardless of whether or not you are a bank offering lockbox remittance solutions or a corporate receivables department collecting and reconciling your incomethe future of remittance processing can be summed up with one word: MORE. More payment types. More back-end integration. More complication. And more automation tools required to manage it all. Merchant Warehouse put […]
The Unique Challenge of Remittance Processing
When the word ‘remittance’ is uttered, many think of those stubs attached to business checks or the portion of a bill that is returned with a payment back to the electric or phone company. These types of payment remittances are typically handled in an orderly fashion and many are processed using ‘lockbox’ services offered by […]
Signature Verification — Software + Humans = Great Fraud Prevention
Do you ever wonder what happens to signatures on the checks you sign? On two different days your signature, although genuine, might look very different. So why dont you ever get a call from the bank asking to confirm a transaction? There are a number of reasons, but one might be that their signature analysts […]