Retail LockboxRetail Lockbox services include the collection of customer payments from designated lockbox sites and transportation to a processing site where Symcor processes the remittances and deposits cheque payments directly into a customer’s account. Receivables data is then transmitted to customers electronically for uploading to an accounts receivable system, giving you timely information and quick access to available cash.
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Symcor’s Retail Lockbox services leverage the same network of processing centers, high-speed data transport machines, image capture technology and digital archiving tools used for our Wholesale Lockbox and item processing services.