Implementing a Lockbox Program and Assessing Your Risks

Lockbox Service is a service offered by financial institutions to ease the Electronic Bill Payment and used as a way to speed-up the collection and processing of account receivables by having those organizations’ customers’ payments and remittance documents mailed directly to a centralized location.  There is an efficiency gain for implementing lockbox for clients based on their need to handle large volume receivables.   This webinar will focus on how to effectively implement a lockbox program, the risks associated with lockbox and risk management requirements for effectively mitigating all applicable risks.

Topics include:

• Defining Lockbox services
• Options for implementing lockbox services
• Performing your risk assessment for the implementation of lockbox services
• Knowing when a lockbox options is optimal for your business clients

Who Should Attend?

• Treasury Sales
• Treasury Operations
• Account Officers
• Relationship Officers
• Chief Credit Officers
• Electronic Banking
• BSA/AML Officers and Support Staff
• Risk Managers
• Deposit Operations
• Compliance Managers
• Internal Auditors