TransCentra to Deliver Wholesale, Retail Lockbox Services to TCF National BankSeptember 3, 2014
NORCROSS, Ga. – September 3, 2014 – TransCentra, a leading provider of billing and payment software and services, announced today that TCF National Bank, a leading Midwest-based bank, is moving to its single platform for retail and wholesale lockbox services. Two of its subsidiaries will also be using TransCentra’s lockbox services.
“TCF chose TransCentra based on its ability to provide functionality and flexibility that enables our customers to choose from multiple processing locations throughout the country and to select the most appropriate cut-off times to meet their business needs,” said Betsy Rojas, senior vice president, Commercial Banking at TCF Bank. “In addition, TransCentra’s Web portal provides our customers with customized reporting, robust search capabilities and Web decisioning.”
Lynn Boggs, TransCentra CEO, added, “By moving wholesale and retail private label lockbox services to TransCentra, TCF Bank receives a significantly enhanced treasury management portal while operating under its own branding. The bank is now able to provide customers additional service options through the portal. TCF Bank’s customer service department will answer questions more efficiently since bank employees can now view the same information the customer is viewing in real time.”
TransCentra’s bank clients have access to its consolidated wholesale and retail private label lockbox services through its nationwide network. These services, along with TransCentra’s remote lockbox offering, consolidate paper check and electronic payments into a single data stream for processing, increasing the efficiency and reducing the costs of banks’ corporate clients’ billing and payments processes. The company operates nine lockbox sites across the United States.
Norcross, Ga.-based TransCentra is America’s largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.
About TCF Bank
TCF Bank is a wholly-owned subsidiary of TCF Financial Corporation (NYSE: TCB), a Wayzata, Minnesota-based national bank holding company. As of June 30, 2014, TCF had $18.8 billion in total assets and 380 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing, equipment finance, and auto finance business in all 50 states and commercial inventory finance business in the U.S. and Canada. For more information about TCF, please visit http://ir.tcfbank.com.
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