eLockbox Service

Bank Up Corporation is pleased to announce eLockbox, a solution to consolidate incoming remittances. With this solution, Bank Up now has the ability to aggregate and accelerate home banking bill payment checks from thousands of financial institution endpoints and originators (including most US banks and credit unions, Fiserv, FIS, iPay, ACI, PM Systems etc.) into a single electronic payment file/settlement that will seamlessly post into your FLEXRPS system. With eLockbox, you will receive funds from home banking payments directly from the RPPS network of financial institutions and eliminate the paper checks that arrive without coupons from the bill payment check printing services. If you are already receiving home banking payments electronically from another organization/originator, we can expand that to more financial institution originators, streamline those payments and integrate them into your FLEXRPS platform.

Payments will be deposited via a single daily ACH credit directly into your bank account. Through the implementation process, you will be established as an electronic biller on the RPPS network and will receive your payments electronically. The new FLEXRPS Batch Import Utility will seamlessly load payment information from eLockbox into the FLEXRPS system and enable you to view the corresponding payment information on the Bank Up Customer Service Interface/Image Archive Retrieval module.

Biller Advantages

  • Receive all home banking payments in one electronic file which is integrated seamlessly into your FLEXRPS database

  • Integrates with existing accounts receivable specifications and formats through FLEXRPS

  • Payments consolidated into one bank deposit for easy reconciliation and acceleration of funds receipt

  • Accelerate funds receipt by intercepting paper billpay checks sent by mail

  • Eliminate tedious data entry required to enter payment information without coupons

  • Files are delivered at the convenience and schedule of our clients

  • Access to daily reporting of bill payments received including payment research functionality

  • The Bank Up eLockbox solution has been designed to streamline one of the most costly and inconvenient elements of remittance processing. Bank Up is providing this solution to our FLEXRPS customers on a "per transaction" basis with a modest implementation fee to get you set up.

    Integrated Solutions for Cash Mobilization

    eLockbox is part of a suite of solutions that Bank Up offers to support the automation of accounts receivable and accounts payable processing. Bank Up offers multiple payment processing solutions including outsourced lockbox, on-premise FLEXRPS, trusted partner offerings for bill presentment, ACH, credit card, Web and IVR. Accounts Payable automation is offered through the Company’s Advanced Invoice Data Capture solution.

    Any questions? Just let us know and we will be happy to discuss our solution further.

    Michael V. Santimauro, Chief Executive Officer 510.522.9711 (O) 415.235.4630 (M)




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