NETS Lockbox Services

Reduce operating costs and speed up collections

Give your business a faster, more flexible way to manage account receivables with our NETS Lockbox Services. This comprehensive selection of secure lockbox sites and electronic solutions accelerates your collections process for improved operational efficiency.

Benefits

Why NETS Lockbox Services?

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, thus increasing operational efficiency.

High volume,
any value

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

Optimise manpower and productivity by diverting resources towards core activities

Enhance cashflow with direct payment transmission to the clearing house

Tighten internal controls against theft, fraud and human error

Improve business foresight with automated reports

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, thus increasing operational efficiency.

High volume, any value

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

Optimise manpower and productivity by diverting resources towards core activities

Enhance cashflow with direct payment transmission to the clearing house

Tighten internal controls against theft, fraud and human error

Improve business foresight with automated reports

Save time, reduce administrative costs and improve customer service

Frequently Asked Questions

Give us a call at 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.

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
  • 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.