Fiserv Expands Lockbox Network With Atlanta Site

Inc. has opened a new remittance processing site in Atlanta, expanding the company's multi-site lockbox network that includes locations in Chicago, Los Angeles and Miami. The Atlanta facility is a strategic location near a U.S. post office and Hartsfield-Jackson International Airport, a major national airport, allowing Fiserv to expedite remittance processing in the region, the company says. This site will enable Fiserv financial institution remittance processing clients with operations in the Atlanta area to extend their market reach through an expanded lockbox network and to potentially grow their fee-based revenues and deposits without capital expenditures. By using a processing site in Atlanta, financial institution remittance processing customers can now maintain a local Atlanta mailing address. Atlanta consistently ranks among the best mail processing sites in the U.S., according to Phoenix Hecht's Bi-Annual Postal Survey, which measures and reports total collection float. SOURCE:


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