Boston, October 8, 2014 – Since check use is declining and new technologies such as remote deposit capture (RDC) could potentially disrupt lockbox products, the industry is re-evaluating lockbox solutions' value proposition. But does the technology deployed for lockbox processing afford banks and third parties the opportunity to expand the value of lockbox products beyond check processing?
This Aite Group Impact Report, based on a 2014 online survey of bank lockbox providers' senior managers looks at the strategic value provided by lockbox solutions and their relation to RDC products. It is the second in a series on North American lockbox; find the first here.
This 33-page Impact Report contains 30 figures and one table. Clients of Aite Group's Wholesale Banking & Payments or Retail Banking & Payments service can download this report.