September 2, 2010

Lockbox Service

Payment Processing Solutions Logo


Let Payment Processing Solutions save your company time and money.

Collection of your payments has never been easier



Payment Processing Solutions (“PPS”), a division of Centrix Bank, the only New Hampshire based lockbox service, efficiently handles payments received by mail for both small and large customers. PPS offers customized retail and wholesale lockbox processing for the Bank’s business, municipalities and not–for–profit customers.

Benefits to PPS Lockbox Service



  • Save time, as well as potential cost savings, by outsourcing your accounts receivable process, deposit reporting, exception processing, and credit research.

  • Maximize efficiency with same day Web–based customer access to all payment data and images.

  • Obtain speedy access to critical information from paper receivables with reports customized to your specifications.



Payment Processing Solutions Advantages




  • Your valuable information and checks are processed locally utilizing New Hampshire United States Postal Service (USPS) Post Office Boxes.

  • Responsive, attentive customer service.

  • Experienced and talented lockbox department staff.

  • High levels of security with encrypted email, security cameras, and a disaster recovery plan with a hotsite location.

  • New “State of the Art” processing equipment.

  • Highest possible efficiency rate.

  • Sophisticated reporting customized to your needs.



Payment Processing Solutions — We take Pride in Processing your Payments!

For additional information and pricing or a tour of our Bedford Operations facility please contact:

Joyce Baldassare
Senior Vice President
Chief Deposit Officer - More»

Telephone: 603-606-4714
Fax: 603-647-2434
1 Atwood Lane
Bedford, New Hampshire 03110



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Q What is a lockbox service?
A Lockbox is a cash management service for commercial business, not–for–profit or municipalities who process many payments on a weekly, monthly, quarterly or annual basis.
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Q How exactly does lockbox work?
A Our lockbox staff will collect the mail from a New Hampshire USPS Post Office Box, process the remittances according to your instructions, make deposits, provide daily reports of deposit information, and update your Web site with the latest check and invoice images. Payment Processing Solutions customizes this process according to your business needs.
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Q What is Retail Lockbox?
A

  • Designed for customers that have high volume, low dollar amount payments.

  • Capable of printing a scannable document and receiving a data file in customized format via the web or email.

  • Organization types typically include utilities, municipalities, insurance and property management companies.


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Q What is Wholesale Lockbox?
A

  • Designed for customers that require keying of data that is not scannable information.

  • Organization types include, but are not limited to, healthcare, manufacturing and construction.


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