Improve your overall liquidity position by collecting funds more quickly. Get an inside look at the Fifth Third Bank Operations Center, including information on our Retail Lockbox Network Services.
Our sophisticated imaging technology and processing sites are uniquely positioned to optimize mail time and decrease float. These sites operate 24/7 to accelerate payment processing and give you quicker access to funds. Plus, your daily accounts receivable information will be sent to you with a detailed audit trail. With our retail lockbox solution you can also count on:
Access to specific check images to expedite dispute resolution
Direct access to your checking account
Expedited accounts receivable reconciliation
Data consolidation across sites
Electronic Deposit Manager
We can also streamline check processing with our Electronic Deposit Manager (EDM). It’s a web-based application that lets you scan checks and create balanced deposits quickly and accurately. EDM will help you:
Retain in-house control over deposits
Mitigate check fraud risk
Access deposited funds quicker, compared to in-branch transactions
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