What is Lockbox Processing?

Lockbox processing is a service offered by third-party vendors and financial institutions to simplify and automate the handling of customer mailed-in payments. Lockbox processing is also known as remittance processing service or payment processing service. Lockbox processing services route and handle mailed-in payments for reconciliation to a client’s host system and prepare them for deposit. […]

How Important Is Check Image Quality?

I guess it depends who you’re asking, but in the remittance processing world it plays a critical role in the optimization of your overall processing operation.  The check scanner you run should have a high quality camera that creates optical resolution images of 300 DPI (dots per inch).  Various transports have different features and tools […]

Know the Benefits and Options of Outsourcing

If your agency is processing payments, it is likely that you considered deciding to outsource your payment processing operations. Outsourcing may be a viable option for some agencies that need support in operational efficacy. Having a third-party provider handle your remittance can increase your bottom line. Factors of Outsourcing Processing: Payment Volume Internal Resources Budgets […]

Benefits of RTFIRST 8.0

RT Lawrence is pleased to announce that we have successfully upgraded some customers to our latest software version – RTLFiRST 8.0. Keeping abreast with the latest trends in software technology and development, RTLFiRST 8.0 is designed on the VB.Net platform. Taking into account our clients’ suggestions, feature requests and many years of experience in the payment processing industry, RTLFiRST 8.0 will enable its users to get to see: