Lockbox Services

Helping Community Banks Attract Deposits and Retain Customers


Lighthouse Payment Services
(781) 279-0901

91 Montvale Ave #101
Stoneham, MA 02180

Lighthouse Payment Services is a full service, image-based lockbox provider.  They offer a suite of lockbox services that can be custom tailored to meet the needs of today’s client in an ever changing, technology-based environment.  They are focused on providing quality lockbox payment processing services for financial institutions, corporations, municipalities, nonprofits, health care providers, property managers, and government entities.  Lighthouse Payment Services is in the business of satisfying their customers.  It is their goal to build a strong and long lasting relationship that provides their customers with the respect and quality of services they deserve.

Helping Community Banks Attract Deposits and Retain CustomersLockbox processing is one of those cash management services that community banks are asked for from time to time, and it is a service community banks need to have in order to compete with the larger banks.We find that often a community bank will be faced with a situation in which a commercial customer will want to do business with them, but one of the things that they will ask for is a lockbox service – and if the bank doesn’t have it, they are probably going to have to say no to the customer and the deposits they will bring.Lighthouse Payment Services did a study in 2005 where a community bank had seven lockbox customers, each generating over $500,000 in deposits for the bank. The average bill for the lockbox service to the customer was only $175 per month! These seven customers would not have been customers of that particular bank if that bank did not have a lockbox service – so you can see the potential here.