Improve liquidity position by collecting receivables more quickly.
Our integrated receivables solutions can help you receive funds more efficiently and provide you with better insight into your cash position. Count on our experienced relationship managers and treasury management professionals to deliver customized solutions that can provide:
Automated Clearing House (ACH) Collections |
With Fifth Third’s ACH collections, you can convert your receivables faster while eliminating the slow and painful process of collecting and processing recurring payments from customers. |
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Fifth Third Bank’s Retail Lockbox | Fifth Third’s Retail Lockbox service is the ideal solution for processing high-volume low-dollar payments quickly and accurately. Our sophisticated imaging technology and processing sites are uniquely positioned to optimize mail time, decrease float, and automate the payment receipt posting process. |
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Wholesale Lockbox Network |
We have advanced technology in place designed to accelerate payment posting and collection and improve your receivables process. Our comprehensive lockbox services are available from multiple lockbox sites across the country for your business-to-business payments.
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Biller Direct |
Now you can provide your customers with a convenient, consistent payment experience that’s also customized to support your specific business needs. Biller Direct will enable your customers to pay online or by phone. Whether you choose an Internet payment service site or an Interactive Voice Response (IVR) telephone payment system, you gain an easy-to-use, always-accessible channel for receiving customer payments. With Biller Direct you’ll enjoy:
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Electronic Cash Letter |
Fifth Third Bank’s Electronic Cash Letter (ECL) service allows you to capture checks using your internal check processing systems, collect the images of these items into an industry standard image cash letter, and transmit the electronic items to Fifth Third Bank for deposit. In addition, this technology can help minimize the risk of fraud. With our electronic check processing you can:
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Cashiering Services |
We know how important cash is to your business. We take the time to understand your specific cash volume and processing requirements, so we can provide a comprehensive currency strategy. Whether your business distributes or receives a lot of currency, our cashiering service delivers the flexibility, dependability, and security you need, including:
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Fifth Third Currency Processing Solutions™ | From point of sale to account reconciliation and reporting, to managing the armored carrier logistics, Fifth Third Currency Processing Solutions is designed to improve your cash management processes—making your business more efficient and profitable. Currency is collected on site at your retail locations, calculated, and provisionally credited to your account, giving you faster access to improve your working capital. Now, you can focus on growing your business rather than managing the complexities of reporting, reconciliations, and end-of-day bank deposits. |
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Electronic Deposit Manager | With Fifth Third Bank, you’ll be able to deposit checks without leaving your desk. Our convenient, secure Electronic Deposit Manager (EDM) is a web-based application that lets you scan checks and create balanced deposits quickly and accurately, right from your desktop. Through EDM, you’ll have 24/7-access to data and scanned images. You can also track the locations from which checks originate in your reports and exports. You can also count on:
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Healthcare Receivables | Healthcare organizations have their own unique and challenging financial environment. In response, Fifth Third Bank developed its RevLink Solutions® platform—an innovative healthcare revenue cycle management solution. RevLink Solutions is advanced technology specifically designed for healthcare companies to help reduce costs and streamline payment and collection processes. RevLink Solutions can help you:
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Merchant Services | At Fifth Third Bank, we understand the critical role every transaction plays in your success. Working with Fifth Third Processing Solutions®, powered by Vantiv, we'll gain a thorough understanding of your business needs, and then develop payment processing solutions that provide the security, customization, and flexibility necessary to help your business grow, including:
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