TCF National Bank enhances lockbox cash management service

Source: TCF Financial

TCF National Bank (TCF) (NYSE:TCB) announced today several enhancements to their lockbox cash management service, TCF Express Image Lockbox.

Such enhancements include the ability to view images of receivables online at a secure website. Upon a successful login to the Internet site, commercial customers may view checks, invoices and other documentation received at their lockbox virtually 24/7. "This product is so much more than mere Web lockbox image capture and retrieval," said Sharleen Spear, Vice President and Lockbox Product Manager. "It is a comprehensive receivables management tool including the ability to track remitters, categorize transactions, create custom reports and attach electronic notes to specific payments."

Commercial customers select lockbox services to accelerate the collection of remittances, reduce mail float and increase funds availability. Offering image technology with Internet access allows for more efficient payment tracking and better customer service. Commercial customers will be able to expedite cash posting to account receivables and reduce time spent in research and resolution through the enhanced image Internet platform.

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