Electronic Check Conversion.

Cash Flow Specialists, Inc.

Toll Free (800) 669-2700

Convert Paper Checks Received In The Mail To An Electronic Transaction.

Lockbox conversion is the conversion of a paper check transaction, received in the mail, to an electronic deposit. The paper item becomes an ACH/EFT (Electronic Funds Transfer) and travels through the Federal Reserves Automated Clearing House system.

Benefits

	No deposit slips to fill out.
	Funds available faster.
	Eliminates deposit fees.
	Frees funds to be moved to interest bearing items/accounts.
	Low NSF fees.
	Eliminates lost or stolen checks.
	Eliminates trips to the Bank.
	Low transaction rate.
	NSF returns can be strategically rescheduled for re-submittal.
	Additional NSF re-submittal.
	Ability to assess and capture NSF fees to your NSF customer, electronically and automatically.

How it Works

You receive paper check for payment of goods or services via mail.
Check is scanned by check reader.
Data is transferred from the reader to the Lockbox software we provide.
Transactions are batched and transmitted to our processing center.
Funds clear through the ACH network, usually in 24 to 48 hours.

Reporting

As part of the standard program you will have a comprehensive set of reports that will give you the critical financial information that you need. Whether you need to look at a customer's payment history or if you need to analyze your company's future revenue streams, you will have the reports you need. The use of these comprehensive and analytical reports in addition to the improved efficiency that we can bring to your company will allow you to spend time focusing on growing your business rather than dealing with the day to day collection and cash flow problems.