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Case Study: Lockbox Services
iPSL Capabilities – Paper Payments
Breadth of Offering
- Basic transaction set processing
- Preparation for clearing – on-site or via clientpreferred banker
- Technical verification
- White mail handling
- Exception cash handling
- Provision of customer extracts – drip-feed or end-of-day
- Merchant voucher processing
- Foreign payments processing
- Post-clearing query resolution
iPSL Strengths
- Seven years proven experience in the Lockbox environment
- Strong links to client IT and clearing functions supporting the remittance – clearing interface
- Optimal geographic spread
- 24/7 state-of-the-art opening and sorting technologies and infrastructure
- Proven experience in multi-platform, multi-collection model business – 20 million+ items processed a year
- Staff with banking experience
Results For Our Clients
- Ongoing ability to provide packaged remittance offering to medium-large corporates in short timescales
- Facility for clients to on-sell clearing and postclearing capabilities in iPSL (R&A, Unpaids, Reconciliations Management)
- Avoidance of off-shore hand-offs and associated issues by virtue of end-to-end clearing services
- Direct and indirect blue chip clients
