Lockbox Services

Lockbox services growing!

Responding to growing campus needs for modern payment processing and a tightened budgetary environment, the Remittance Center (RPC) is expanding its lockbox operation to reach out to new campus customers. Similar to what many banks provide for commercial customers, the Remittance Center offers a service that allows campus departments to collect payment for services and credit the appropriate accounts. High-speed equipment allows RPC employees to quickly and accurately process incoming payments. The addition of document imaging has dramatically reduced storage costs, yet provides instant access to payment coupons and other documents as needed. Other benefits include:

Reduced labor requirement for data entry and deposit preparation Remittance Manager, Jackie Henderson, says, “We’re able to make our deadlines so much faster compared to the old system. It (lockbox services) allows us to process a lot more work in less time.” Future enhancements to the system include expanding document scanning services and instant access to them via the web.

For more information on how lockbox services can benefit your department, contact Jackie Henderson at x.4-3690.