Wholesale Lockbox Banking: Check processing/ Remittance Processing for Enterprise

Title: Wholesale Lockbox Banking: Check processing/ Remittance Processing for Enterprise Agency: ADMINISTRATION, DEPT OF Contract Number: 505ENT-M24-WHOLESALBOX-01 Start Date: 7/1/2023 End Date: 6/30/2028 Cooperative Purchase? No Mandatory Purchase? Yes PCard? No Piggyback? Yes Manager: Penny Lawler, Phone: 608-261-5051 Procurement Authority: RPA SPD0004 Contract Applicable To: Enterprise Synopsis: Agency Customers mail their checks to a Post Office box, where they are collected by U.S. Bank and deposited to the Agencies’ depository accounts.U.S. Bank also scans each check and accompanying payment voucher or documentation and transmits an electronic payment file to the Agency for their billing software to record the credit against the customer’s account. Wholesale Lockbox services are available to all agencies. Please contact Penny Lawler and the DOA Treasury Group at DOATreasury@wisconsin.gov to set up a new Wholesale Lockbox Account. Additional Contract Numbers: Contract Vendor(s): U.S. Bank-Milwaukee Documents: Contract 505ENT-M24-WHOLESALBOX-01 6/23/2023 Contract User Guide 6/23/2023 Price List