Lockbox Processing Solutions

ETran supports the scanning and association of checks and remittance documents. Using optical character recognition (OCR) technology, meta data can also be captured from remittance advices for posting and cash application purposes into any back-office system.

ETran is scanner agnostic, supporting all the major desktop check scanning manufacturers, along with other leading enterprise scanning station hardware.

In-House Lockbox Operations: ETran is currently in use driving lockbox operations at firms processing as little as a few thousand checks and remittance documents per month, yet it is also powering lockbox operations processing nearly 1 million checks and associated documents monthly.

Outsourced Lockbox Operations: Currently used by banks and other third-party lockbox providers, FTNI delivers the technology and partnerships to support your outsourced lockbox processing needs—all with the added benefit of ready access to a single truly integrated receivables platform.

ETran's back-office and bank agnostic nature allows it to consume detailed payment information from your outsourced lockbox, as well as information from your back-office systems to streamline and automate the matching of customer and payment data based on your unique business rules. Then, ETran can feed that data into your back-office system(s) in either batch or real-time to complete the cash application process.

Consuming and matching transaction data with the appropriate customer accounts for automatic posting helps eliminate manual processes, and lets your employees focus on higher value functions such as exception handling. 

ETran's SaaS architecture not only provides increased efficiency, but also delivers multiple layers of industry-leading security and compliance.

At the application layer, ETran is both PCI and HIPAA compliant. Additionally, FTNI's secure cloud hosting partner, Armor Defense, brings another layer of proactive security and compliance (PCI, HIPAA, SOC, and more) at the hosting layer.

Consistent with all modules on the ETran platform, ETran's Lockbox solutions maximize flexibility and scalability within your A/R operations by working with your existing bank(s), merchant processor, back-office systems and check scanning hardware.

Having an agnostic system means you don’t have to change platforms or rebuild existing processes as your business, financial or back-office technology needs change today, tomorrow and years into the future.

Achieve true straight through processing of payments received and processed from your internal or outsourced lockbox operations as a result of ETran's unique ability to seamlessly integrate with any back-office system in either batch or real-time. As your business needs grow and evolve, you'll be able to streamline and automate the cash application process for all payments accepted on the platform (AutoPay, RDC, Lockbox, Online, Mobile, etc.).