lockbox payment processing

Superior Bank recognizes the unique challenges and complexity companies face in managing the collection of high volumes of receivables. Efficient and accurate payment processing are critical to putting your money to work more quickly for investment or other business purposes. That’s why Superior Bank has devoted an entire department to managing your payment processing needs. Our active involvement in the industry, competitive package, and unparalleled processing accuracy is the primary reason we currently serve the lockbox needs of over 500 companies from our processing facilities in Birmingham, Alabama and Sarasota, Florida. Begin taking advantage of these important benefits:

• Save the time and expense of in-house processing
• Accelerate collection of payments through automated processing
• Establish greater audit control
• View your remittance information securely via the Internet
• Improve the security of remittance handling by separating invoicing and receiving functions
• Automatically update your accounts receivable system through our data transmission option
• Efficiently research payments and inquiries

Through an introduction by your Relationship Manager, our Lockbox Implementation Specialist provides on-site discovery of your specific needs and coordinates all aspects of your transition, including: communicating to your payors, coupon/invoice formatting and ordering, file transmission testing, and automated posting of your receivables system. A member of our Treasury Management Services support team will be assigned to you, along with a back-up person, for ongoing service and maintenance of your payment processing service.