Accounts Receivable

With Remote Deposit Capture*, you can deposit checks electronically, anytime, from anywhere. If you have multiple business locations, Remote Deposit Capture allows you to maintain a single bank relationship, eliminating both the wire costs associated with consolidating funds and the time-consuming task of reconciling multiple accounts.

Remote Deposit Capture allows you to access the service online to scan and electronically transmit your deposits from anywhere, anytime.

• Eliminate costs associated with trips to the bank and couriers
• Extend deposit deadlines
• Increase employee productivity
• Streamline accounting
• Improve Cash flow – funds are available sooner
• Access deposit details and archive images

• Files are sent via a secured Internet connection
• Allows you to search and retrieve images online in seconds
• Allows you to control employee access to the system
• Duplicate scan alert prevents checks from being transmitted twice
• Checks are endorsed virtually

ACH for Cash Concentration & Collections*

• Predict or manage receivables by collecting payments electronically from clients, suppliers or vendors.
• Eliminate the manual collection process.
• Improve cash flow and funds availability.

If you receive frequent payments and documents by mail, the First Lockbox Service helps to reduce expenses, improve cash flow and update your accounting systems quickly.

Your customers mail payments and documents directly to a unique post office box. Using image-based technology, data is captured quickly, errors are reduced and paper is eliminated. Checks are deposited into your First account and data files are created to automatically update accounts receivable systems.

Businesses implementing Lockbox Services benefit from expedited mail-handling through the use of a unique ZIP code and multiple daily pickups from the post office. Another benefit of Lockbox Services is the ability to use the third party’s regional processing centers to expedite collection and processing

• Deposit and change order services
• Reduce the risk and time involved with bank deposits
• Virtual Vault solutions for any size retailer