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 […]