Products & Services for ResaleElectronic Lockbox

Reduce your remittance processing costs and enhance your operational efficiencies. It is the fully electronic solution which facilitates the exchange of standardized and secure bill payments between financial institutions on behalf of consumers and billers. To make it easy for you, electronic lockbox incorporates the most innovative enhancements in payment processing into a service that is unparalleled in the industry.

Biller Benefits

Delivery of remittance information to your financial institution to meet processing windows for same-day posting
Guaranteed funds (payment surety)
Choice of formats from your financial institution
Fewer exception items due to extensive account number mask editing
Streamlined processing of electronic payments as regular transactions, with costs equal to or less than other remittance payments
Accelerated receipt of funds and accounts receivable data
Single point of contact - your financial institution
Operating regulations create an environment of confidence for all participants
Ease of setup with your financial institution using Visa's Universal Biller File
The industry's largest bill payment processors utilize electronic lockbox, delivering high volumes of consumer payments