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CTX Payment Acceptance- Reduction of Lock Box Fees
By eliminating the manual keying of essential business data such as remittance advice, invoices, payment acknowledgments and dispatch notes your company can benefit significantly. CTX facilitates the digital exchange of payment remittance advice and associated business processes (such as data entry and verification) can be automated so that they occur with minimal or no manual intervention. The use of computer and communication technology facilitates the information exchange between two parties in a commercial transaction.