ALF on Track with DRC as Chase Releases Theirs

There is no question now that Arizona Lockbox & Fulfillment's press release last Friday of "Distributed Remittance Capture" is catching on, as J.P. Morgan Chase announced a similar product today, their "Virtual Remit" solution as part of their September 22nd press release.

"We are on the right track," states Fred Campos, Vice President of Sales for ALF, "when a major bank recognizes remittance capture as an extension of lockbox services to provide low-cost capture solutions to clients. This is where the industry is going. Vendors need to wake up and follow suit. Our solution is available for any bank and any client who wants to update any accounts receivable system without keying, custom software or a big capital investment. DRC is the next generation beyond RDC for these economical times."

To read more about J.P. Morgan Chase's announcement click here.

To read more about our announcement click here.