Lockbox Service

Save time and money on the collection of your payments.

Payment Processing Solutions (PPS), a division of Centrix Bank, was established in 2007 to fill a void left by the centralization of the electronic payments / lockbox service industry. The only New Hampshire-based lockbox service, PPS provides localized processing of commercial payments and deposits for small to large businesses, municipalities, and not-for-profit organizations. PPS serves as a cash management service for customers who process a large number of payments or a small volume of checks containing higher dollar amounts.

Process

Customer remittances are sent to a United States Postal Service (USPS) Post Office Box and our experienced PPS lockbox staff members take care of the rest!  Once collected from the USPS, these remittances are carefully processed according to our clients' instructions/specifications, the deposits are completed, and then daily reports are generated containing deposit information, with a daily email sent directing our clients to a secure website to view their latest check images and reports.  PPS will also customize this process according to your specific business' banking needs!

Benefits 

  • Save money by outsourcing accounts receivable, freeing up valuable staff resources and increasing business cash flow.
  • Save time, as well as potential cost savings, by outsourcing not only the accounts receivable process but also deposit reporting, exception processing and credit research.
  • Maximize efficiency with same day, web based customer access to all payment data and images.
  • Speedy access to critical information from paper receivables with reports customized to your specifications.

Advantages 

  • Your valuable information and checks are processed locally from a dedicated New Hampshire USPS Post Office Box.
  • Responsive, attentive customer service.
  • Experienced, talented team of lockbox professionals.
  • High levels of security with encrypted email, security cameras, and a disaster recovery plan with a hotsite location.
  • “State-of-the-art” lockbox processing equipment.
  • Superior industry efficiency rate.
  • Sophisticated reporting customized to your needs.
  • Both retail and wholesale lockbox offered.

Centrix Bank's PPS division exemplifies our forward-thinking methodology, enabling us to be at the forefront of evolution in the financial industry, and beyond, in order to help meet all of our customers' diverse needs.

 


 

We take Pride in Processing your Payments!

For additional information and pricing or to schedule a tour of our Bedford operations facility, please contact our Business Development Team today at 603-647-4446 or 800-483-0220.
 


 

What is lockbox service?
Lockbox is a cash management service for businesses, municipalities, and not–for–profit organizations who process a multitude of payments on a weekly, monthly, quarterly or annual basis.
How does lockbox service work?
Customer remittances are sent to a United States Postal Service (USPS) Post Office Box and our experienced PPS lockbox staff members take care of the rest!  Once collected from the USPS, these remittances are carefully processed according to our clients' instructions/specifications, the deposits are completed, and then daily reports are generated containing deposit information, with updates posted to our clients' websites capturing the latest check images.  PPS will also customize this process according to your specific business/ banking needs!
What is Retail Lockbox?
  • Designed for businesses that process a high volume of payments containing low dollar amounts.
  • Capable of printing a scannable document and receiving a data file in a customized format via the web.
  • Typical organizations include utilities, municipalities, insurance and property management companies.
What is Wholesale Lockbox?
  • Tailored for customers who require keying of data that is not scannable information.
  • Typical organizations include, but are not limited to, those who operate in the healthcare, manufacturing and construction industries.