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Outsourcing of Wholesale Lockbox Processing One Key to Banks' Profitability

Ability of financial institutions to quickly increase deposits and reach new markets seen as critical

MOSINEE, Wis., Nov 04, 2009 (BUSINESS WIRE) --

As deposit-hungry financial institutions look to grow the treasury management side of their business to make up for a softer retail side, they face a "perfect storm" of challenges. Lucrative vertical markets beckon -- such as property management, health care and utilities -- but the capital investment typically required to provide wholesale lockbox capabilities simply can't be justified with the decline of check volumes, especially in today's down economy.

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