|
|
Article: Outsourcing of Wholesale Lockbox Processing One Key to Banks' Profitability.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
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.
Providing an option that allows banks to offer services to customers regardless of where they are across the country, at a business-friendly cost, is one way that WAUSAU Financial Systems is strategically ...