Lock box

WorldRemit Celebrates the Launch of Their Remittance Service in Somalia

Wednesday, July 1, 2020 - 3:51pm

WorldRemit , the global online money transfer service has announced the launch of its remittance services in Somalia.

Key Points: 
  • WorldRemit , the global online money transfer service has announced the launch of its remittance services in Somalia.
  • WorldRemit operates in over 50 send countries to over 150 receive countries and is now the first global digital money transfer player to operate in Somalia.
  • WorldRemit delivers a digital service that removes the middleman and allows Somalis living in the United States to send money home 24/7 at their convenience, quickly and securely.
  • Customers in Somalia can receive remittances via WorldRemit from friends and family anywhere across the United States via Cash Pick Up.

CheckAlt, In Partnership with RMS, Accelerates Healthcare Payments

Tuesday, June 16, 2020 - 9:05pm

"We have been aware of the healthcare lockbox opportunity for some time.

Key Points: 
  • "We have been aware of the healthcare lockbox opportunity for some time.
  • "CheckAlt today processes north of 500,000 patient payments and 250,000 explanation of benefits checks per month.
  • Moreover, the solution addresses the unique needs of healthcare providers with a completely configurable solution.
  • It has been our focus to process check payments while also eliminating paper from the system with robust electronic payment APIs.

CheckAlt Provides Yolo Federal Credit Union with Streamlined Loan Payment Tool for Members

Thursday, June 11, 2020 - 8:00pm

LOS ANGELES, June 11, 2020 /PRNewswire-PRWeb/ --CheckAlt, the premier lockbox and digital payments processing provider in the U.S., and Yolo Federal Credit Union, which boasts 65-plus years serving the communities of Yolo County, Calif., have expanded their agreement to serve credit union members with CheckAlt's streamlined loan payment tool, LoanPay.

Key Points: 
  • LOS ANGELES, June 11, 2020 /PRNewswire-PRWeb/ --CheckAlt, the premier lockbox and digital payments processing provider in the U.S., and Yolo Federal Credit Union, which boasts 65-plus years serving the communities of Yolo County, Calif., have expanded their agreement to serve credit union members with CheckAlt's streamlined loan payment tool, LoanPay.
  • "LoanPay is a modern solution that our members enjoy using while providing efficiency to operations and improved settlement times," said Matt Lane, Chief Financial Officer for Yolo Federal Credit Union.
  • "The team at CheckAlt is a valued credit union partner who accommodated our needs during the implementation process."
  • With LoanPay, credit unions can accept loan payments through call centers, in branches, and online, while also putting more control of the loan repayment process in the hands of members.

OASIS Mobility to offer GPS Lockbox Cases and Mounts on the Geotab Marketplace

Thursday, June 11, 2020 - 6:00pm

"The Geotab Marketplace is a dynamic solutions center for fleet management," said Matt Evans, VP of Sales and Distribution for OASIS Mobility.

Key Points: 
  • "The Geotab Marketplace is a dynamic solutions center for fleet management," said Matt Evans, VP of Sales and Distribution for OASIS Mobility.
  • "We are delighted to offer our solutions, including GPS Lockbox cases, to the Geotab ecosystem."
  • GPS Lockbox cases offer a unique design to help support compliance with ELD regulations and provide fleets with a reliable solution for in-cab technology.
  • Via the Geotab Marketplace, OASIS Mobility now offers Geotab customers a one-stop source to procure cases and receive expert assistance with managing various facets of mobile device equipment and accessories, helping customers achieve a work-ready solution for their mobility program.

Is the Automotive Industry Ready for Post-COVID-19? BiigVault: The Smart Lockbox for Cars Built for Social Distancing and Contactless Auto Services

Tuesday, June 2, 2020 - 2:30am

BURLINGAME, Calif., June 1, 2020 /PRNewswire-PRWeb/ --The BiigVault is a smart lockbox technology that provides remote access to cars, enabling contactless delivery and automotive services among consumers, businesses and service providers.

Key Points: 
  • BURLINGAME, Calif., June 1, 2020 /PRNewswire-PRWeb/ --The BiigVault is a smart lockbox technology that provides remote access to cars, enabling contactless delivery and automotive services among consumers, businesses and service providers.
  • With the after-effects of COVID-19 certainly changing consumer behavior, consumers will prefer less contact with other people to reduce the risk of virus' spread.
  • In the post-COVID-19 world, social and physical distancing will have a significant impact on mobility behavior and preferences.
  • "This is the time to rethink and reboot our industry and look from the lens of people and the new reality."

OneStream Software Launches Transaction Matching Solution to Accelerate Account Reconciliations and Financial Close

Tuesday, April 7, 2020 - 11:11am

OneStream Software , a leading provider of modern corporate performance management (CPM) solutions for mid-sized to large enterprises, has introduced a new transaction matching solution that can speed account reconciliations and shorten the financial close process.

Key Points: 
  • OneStream Software , a leading provider of modern corporate performance management (CPM) solutions for mid-sized to large enterprises, has introduced a new transaction matching solution that can speed account reconciliations and shorten the financial close process.
  • OneStream Transaction Matching replaces spreadsheets and third-party point solutions so our customers can accelerate the matching and account reconciliation process within our unified platform.
  • Early users are seeing significant time savings by starting transaction matching much earlier in the close process resulting in faster and more confident period-end financial reporting, said Tom Shea, CEO of OneStream Software.
  • The new OneStream Transaction Matching solution can help streamline account reconciliations and the financial close process by matching transactions across the entire business, including intercompany transactions, accounts payable/receivable, T&E reporting reconciliations, bank clearing and lockbox to general ledger cash accounts.

Alliance Association Bank announces advanced lockbox integration

Saturday, March 28, 2020 - 4:00am

AAB is helping software providers incorporate these advances, allowing their resort clients who bank with AAB to see key financial information in one platform, eliminating the need to move between separate lockbox and online banking environments.

Key Points: 
  • AAB is helping software providers incorporate these advances, allowing their resort clients who bank with AAB to see key financial information in one platform, eliminating the need to move between separate lockbox and online banking environments.
  • Another upgrade, auto-reconciliation, will match bank transactions from the previous day with corresponding transactions within a resort client's accounting software, enabling quick and accurate bank reconciliation.
  • Although the initial setup on the software side may entail some costs, the bank does not charge for its assistance.
  • AAB is a division of Western Alliance Bank, an affiliate of Western Alliance Bancorporation, one of the largest regional holding companies in the nation with a strength of more than $25 billion in assets.

MediStreams Medical Lockbox Grows in Popularity

Thursday, February 20, 2020 - 11:00am

Automated remittance services, coupled with Medical Lockbox, continue to grow in popularity.

Key Points: 
  • Automated remittance services, coupled with Medical Lockbox, continue to grow in popularity.
  • Medical Lockbox is a unique service for healthcare.
  • The Medical Lockbox service supplies a seamless, transparent flow of remittances from payers and patients to the diversified remittance automation services provided by MediStreams.
  • The services address automation for all payments and more: Medical Lockbox, Correspondence Workflow, ERA Normalization, Paper EOB Conversion, Patient Payments, Credit Card Processing, and Financial Reconciliation.

Deluxe Adds Lockbox Processing Assets and Establishes Reseller Agreement With Fiserv to Solidify Treasury Management Market Position

Tuesday, December 17, 2019 - 1:30pm

Deluxe (NYSE: DLX), a Trusted Business Technology company, today announced it has added the Remittance Solutions assets of Fiserv which include lockbox processing complementing its Deluxe Treasury Management portfolio of solutions.

Key Points: 
  • Deluxe (NYSE: DLX), a Trusted Business Technology company, today announced it has added the Remittance Solutions assets of Fiserv which include lockbox processing complementing its Deluxe Treasury Management portfolio of solutions.
  • Fiserv is a current client of Deluxe Treasury Management Services, utilizing the companys lockbox software, and will become a reseller of Deluxe lockbox processing.
  • The Fiserv lockbox business primarily services wholesale lockbox processing for B2B payments.
  • Deluxe is an industry leader in treasury management solutions and recently won Synchronys remittance processing work in an agreement announced Nov. 20.

Western Union Expands Real-Time Global Cross Border Payments to India

Friday, October 25, 2019 - 11:45am

Western Union became the first money transfer operator to offer cross border remittances via Unified Payments Interface (UPI), a real-time payment system developed by the National Payments Corporation of India under Reserve Bank of India (RBI) guidelines.

Key Points: 
  • Western Union became the first money transfer operator to offer cross border remittances via Unified Payments Interface (UPI), a real-time payment system developed by the National Payments Corporation of India under Reserve Bank of India (RBI) guidelines.
  • It allows Western Union customers globally to send money into bank accounts in India simply by using the receivers UPI ID, instead of providing bank account and routing details.
  • YES BANK is pleased to collaborate with Western Union on offering remittance services to a larger set of overseas customers.
  • With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth.