Wholesale and Retail Lockbox Services

Wholesale and Retail
Lockbox Services
Get quick access to funds and balance information to help you make more informed cash flow decisions.
First Niagara’s Wholesale and Retail Lockbox Services support your unique business-to-business and consumer-to-business
processing requirements. First Niagara picks up mail directly from the post office, deposits remittances into your account, and
updates your receivables same day. Check images and associated documents are made available through Lockbox Online.
First Niagara’s Lockbox Services are available in Boston and Philadelphia - the two fastest mail
processing cities in America!*
Individual Lockboxes can be opened at local post office locations in Buffalo, NY; Boston, MA; Hartford, CT; New Haven, CT;
Philadelphia, PA and Pittsburgh, PA.
Take advantage of:
• Accelerated collection and processing of receivables
• Reduced float
• Daily posting of all transactions
• Reduced processing costs
• Quick response to customer inquiries with access to same day information
• Enhanced recordkeeping capability
• Process remittance documents per specified instructions
For additional information, contact your First Niagara Treasury Management Sales Consultant or call 1-800-516-0625.
*Per the 2015-1 Phoenix Hecht Postal Survey.
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Wholesale and Retail
Lockbox Services
LOCKBOX CAPABILITIES
RETAIL
WHOLESALE
Quicker processing with OCR readable scan line or barcoding
X
Users supply customer account number lookup file
X
Combine Bill Payments; Credit Card Payments and send consolidated receivables file
X
Handle special scanning requirements; checks only, correspondences, envelopes
fronts and backs or combinations
X
X
Same day web-based decisioning
X
X
Remit Distributed Capture functionality – integrate into one accounts receivable file
X
X
Full transactional, document, coupons, check image indexing and research
X
X
Dynamic download of data, images, CSV, or bulk image files
X
X
Industry standards in security access
X
X
Supports role-based security, delegated administration by function
X
X
Support of complex validations during data editing
X
X
Users can search and retrieve daily processing reports/files
X
X
Flexible reporting deadline options
X
X
Convert checks to ACH (ARC)
X
Processing credit card payments
X
X
X
X
Acceptable payee review
Same day remittance deposits and data
X
X
Let us take care of your payment processing requirements while you focus on your core business.
For additional information, contact your First Niagara Treasury Management Sales Consultant or call 1-800-516-0625.
NMLS#413059
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Must maintain a business deposit account with First Niagara Bank, N.A.; additional terms and conditions apply; eligibility may be subject to credit approval; not all options available for all
customers; fees will apply; certain fees can be offset with an earnings credit (See Schedule of Business Account Fees and Transaction Limitations). Copyright © 2015 First Niagara
Financial Group. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of First Niagara Financial Group is prohibited. Rev. 1/15