Lockbox
Treatment of Lockbox in the United States Law
The following is a short concept of Lockbox published by Marco Terry: A bank treasury management system. It is desgined to receieve payments by mail and deposit them to an account as quickly as possible. Most bank lockbox systems also scan invoices and documents and provide online viewing and management systems.
Lockbox in the Context of Payments
Definition of Lockbox in the context of payments: A service that processes payments by check and credits the appropriate business.
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