Concentration Banks

Concentration Banks

A small number of large banks a firm contracts with to periodically collect the firm's deposit balances from a group of smaller banks.

Concentration Banks

A small group of large banks that a firm periodically asks to collect its deposits from a larger group of smaller banks.
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The challenges to integration are well known - the proliferation of EBPP channels, the application of new technologies to traditional lockbox operations, and the growing sophistication of the systems and platforms that connect companies and their concentration banks.
BNY Mellon Provides Electronic Bill Presentment and Payment Solution to the American Red Cross
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