Definitions for "Wholesale lockbox"
a lockbox with a moderate number of large dollar remittances, usually from business to business
Usally referring to the handling of remittance payment items for a low volume (usually high dollar) lockbox operation.
Remittance processing that deals with payments from businesses; generally, includes an 81/2 " x 11" document or other non-transportable document as the remittance advise; is normally high dollar, low volume and often includes the need for data entry (keying invoice numbers, check number, payee, etc.) and other special instructions; also requires sending a copy of the checks back to the business for their verification.