Investment Business Weekly
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BB&T introduces new service for lockbox image users
March 24th, 2008
BB&T's Payment Solutions Division said it will introduce BB&T Lockbox Web Exceptions in April.
The Web-based payment processing service, nearing the end of a three-month pilot program, is designed for businesses looking for a faster, more efficient way to process and deposit lockbox exception payments, such as payments received without a remittance coupon or an invalid payee name on the check.
"This is the newest addition to our suite of electronic payment services, which are focused on saving time, improving efficiency and providing quicker access to funds," said Payment Solutions Division President Bennett Bradley. "BB&T Lockbox Web Exceptions is an...
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Source: Investment Business Weekly (2008-03-24)