Lockbox

A remote secure location, such as a post office box, where customers send payments instead of to corporate headquarters, and where a local financial institution receives those payments and transfers to the vendor account. A system used to speed up the cash collection cycle


Lockbox

A remote secure location, such as a post office box, where customers send payments instead of to corporate headquarters, and where a local financial institution receives those payments and transfers to the vendor account. A system used to speed up the cash collection cycle

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