TeleCheck® Lockbox Pro21SM service allows you to electronically process all types of checks, saving time and money while reducing risk for fraud. While only personal checks could be processed electronically in the past, the Check Clearing for the 21st Century Act ruled that any check could be processed electronically. Lockbox Pro21 eliminates the need for manual processing and handling, and there’s no more need to physically deliver checks to the bank.
Lockbox also provides electronic authorization and settlement, giving you peace of mind through reduced risk. Every check processed through TeleCheck Lockbox Pro21 service is verified against TeleCheck’s impressive check-writer database and advanced risk management technology. And, because all checks can be processed through your FD200 point of sale (POS) terminal, there is no need for major investment in equipment or training.