Private Label Lockbox for Correspondent Banking

TMR CITATION™ i-Remit is the result of over 30 years of developing and deploying remittance automation including support for correspondent banking opportunities. Today’s TMR customer base represents 125 banks from de Novo to over $50 Billion in assets.

A few of the key deliverables of the TMR solution include:

  1. Multi-bank, multi-location private-labeled lockbox/integrated receivables solution ideal for offering a correspondent banking payment product option.

  2. Enterprise class technology infrastructure – a hosted solution through Amazon Web Services (AWS). No bank servers, light IT footprint and built-in DR/BS services (see Enterprise Lockbox diagram)

  3. Private-label branding for each correspondent bank opportunity

  4. Increased deposit and fee income opportunities including bank-provided check clearing services

  5. Scanning options including your bank, correspondent bank and the business customer (drop box, stranded payments, other).

  6. Payment processing experience across most all businesses and industries. Niche solutions for healthcare, public sector, HOA/Property management and not-for-profit market segments.

  7. Support for bank and client level real-time exceptions – resolved intra-day.

  8. E-Box/electronic payment data (ACH, 3rd party, merchants, other) consolidation, reporting and delivery (see Consolidated Remittance Data graphic):

  9. Combined check and electronic payment data posting file output for streamlined straight-through processing efficiency.

  10. Integrated BillPay check conversion module – reduce paper check volume and manage electronic payment data.

The TMR CITATION™ i-Remit solution can provide a versatile and cost effective platform that will function well in multiple environments including:

  • A primary lockbox/integrated receivables product

  • Mixed vendor environment based on market needs or footprint considerations

  • Specific market opportunities like correspondent banking

  • Bridge solution from older technology

TMR’s success has been built on a partnering culture where TMR takes an active role in helping you win new lockbox accounts through our unique Business Builder services. This effort is supported by a customer service culture that reflects the same goals you have for your customers.

For additional information contact Mike Reynolds at 800-867-2249, x232 or mreynolds@tmrsolutions.com

Mike is a senior sales/management professional. His in-depth knowledge of payment processing markets, lockbox operations, e-payment solutions and integrated receivables is highly regarded in the banking industry.