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| Transform your company's incoming receivables into usable cash with maximum speed, efficiency, and accuracy. If your company regularly receives large volumes of consumer payments accompanied by a machine-readable return coupon, BB&T's Retail Lockbox Service can speed up collection times and reduce processing costs.
With our Retail Lockbox services, remittance coupon information is captured electronically using high-speed optical character recognition (OCR) remittance processing equipment, automating your accounts receivable updates. BB&T's advanced imaging technology allows you to view checks, coupons, and invoices securely online while also providing the ability to view archived images on CD-ROM or DVD. |
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| Retail Lockbox |
| Improved Mail Times |
- Unique ZIP code reduces mail float time*
- Multiple daily mail pickups
- Immediate delivery of incoming payments to our lockbox operations center for processing
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| Fully Automated |
- Your company payments are imaged as your mail is received
- Payment data is captured to produce a standard text file for data transmission to your headquarters
- Funds are deposited to your account
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| Easy Access to Images and Data |
- Daily images viewable over the Internet
- Next-day, online access to checks, coupons, invoices, and reports
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| Process Multiple Payment Options |
- Process check payments or online payments
- Single-source, electronic reporting for all your payment information
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| Wholetail Lockbox |
- Supports receivables invoice documents that are a mix of traditional wholetail invoice payments and classic check/coupon retail payments
- BB&T offers wholetail processing using image, OCR, and page scanning technology
- Includes image data entry for non-scannable documents
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| Web Exceptions |
- View and accept or reject exception transactions online
- Provide missing remittance detail online
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| Accounts Receivable Check Conversion (ARC) |
- Accelerates funds availability by converting eligible checks to an electronic automated clearing house (ACH) transaction
- Reduces return item losses by expediting funds clearance via ACH transactions instead of paper checks
- Reduces conventional check processing fees
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| *Available in some locations |
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| Contact us by Phone |
| Call BB&T Treasury Management at 1-800-810-5625 |
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| Send us an Email |
| Feel free to contact us by email |
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Copyright © 2012, Branch Banking and Trust Company. All Rights Reserved.
BB&T Complete Client Protection
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Branch Banking and Trust Company is a Member FDIC.
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Only deposit products are FDIC insured.
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