U.S. Bank Invests in National Wholesale Lockbox System

U.S. Bank launched a new national wholesale lockbox technology platform for business and government customers. Bank clients can use new electronic services including web decisioning, which allows customers to view images of an exception item and decide whether to reject or process it; split deposits, so users can have one lockbox but distribute individual payments into separate accounts; and accounts receivable matching, to automatically reconcile payments against outstanding invoices and further automate the cash collection cycle. Click here for more information.

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