Lockbox Applications

Lockboxes allow organization to streamline receipts. A service performed by a vendor in which customers' incoming payments are picked up from a Post Office box and processed. This service can help you attain maximum efficiency through integration and automation, resulting in increased collections completed at a lower overall cost.

When customers and business partners write you a check, it needs to be deposited in the bank. The main reason to consider PDC’s lockbox services is speed, accuracy and efficiency. Lockbox services get money into your bank account faster than you’d be able to do it yourself.

Lockboxes may be located in places where the mail is delivered several times per day which enables our customers to make the most of our services. Your office probably receives mail once each day. If a payment just misses delivery to your location, you’ll have to wait one business day to get your hands on the payment. In contrast, lockboxes services offer more opportunities to capture payments and make deposits to your account.

Additionally, PDC’s image based services, scan everything that gets sent to your lockbox so that you can view it online. You can often see images from payments received the same day they reached the lockbox.

PDC aims to bring in tangible business benefits to organizations by enhancing and maintaining their most significant data and information.