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Lockbox Services

Receive payments while reducing operating costs

Speed up your collections process with our Lockbox Services. NETS offers a comprehensive selection of secure lockbox sites and electronic solutions to give your business a faster, more flexible way to manage account receivables.

Why choose NETS Lockbox Services

3.1

Increase operational efficiency

NETS Lockbox Services adopts technology to automatically collect, sort and transit payments to the clearing house based on your company’s unique business rules, increasing operational efficiency.
3.2

High volume, any value

Our Lockbox Services can easily process high volume retail payments and wholesale payments. Retail payments may include credit card, insurance premiums and utilities, while wholesale transactions may cover non-standardised business-to-business payments.
3.3

Optimise manpower and productivity by diverting resources towards core activities

3.4

Enhance cashflow with direct payment transmission to the clearing house

3.5

Tighten internal controls against theft, fraud and human error

3.6

Improve business foresight with automated reports

3.7

Save time, reduce administrative costs and improve customer service

Increase operational efficiency

NETS Lockbox Services adopts technology to automatically collect, sort and transit payments to the clearing house based on your company’s unique business rules, increasing operational efficiency.

Optimise manpower and productivity by diverting resources towards core activities
Tighten internal controls against theft, fraud and human error
Save time, reduce administrative costs and improve customer service
High volume, any value

Our Lockbox Services can easily process high volume retail payments and wholesale payments. Retail payments may include credit card, insurance premiums and utilities, while wholesale transactions may cover non-standardised business-to-business payments.

Enhance cashflow with direct payment transmission to the clearing house
Improve business foresight with automated reports

Commonly Asked Questions

How can we engage your service?

Give us a call at (65) 6424 6000 or send an email to nets_solutions@nets.com.sg with your business specifications for lockbox processing, retail or wholesale.

Our product/service specialist will contact you on your requirements.

What type of processing model do you offer?

We offer both Retail and Wholesale Lockbox processing that supports:

(i) Various Payment Types

  • Stub-less
  • Single Stub
  • Multiple Stubs
  • IRD
  • Corporate Summary

(ii) Various types of Payment Apportionments

  • One to one
  • One to many
  • Many to one
What makes your services unique?
  • Capability to perform end-to-end processing with various modes of payments i.e. cheques, credit card and credit notes.
  • High availability with dual secured and regulated processing centres.
  • Dependable quality and a consistently high level of service.
  • Integration of electronic and paper into a single data file to simplify posting and reconciliation.
  • Reduced costs and time with consolidation of receivables into one account.

Can’t find what you are looking for? Click here for full list of FAQ.