Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Casper staff propose e-lockbox to speed bank bill-pay postings for utility customers
Summary
City Treasurer Jill proposed switching utility bill-pay check processing to an electronic lockbox (e-lockbox) so bank bill-pay files post next day and payments reach customer accounts faster. Staff said Wells Fargo offered the lowest fees and suggested parking about $500,000 to offset fees; council voiced general support to move forward.
City Treasurer Jill told council the current process for customer bank "bill pay" checks can take seven to ten days because banks batch and mail a single check; staff receive and manually process about 1,000 bill-pay checks monthly. She proposed an e-lockbox arrangement where the bank would transmit payment files and the funds the next day, allowing quicker posting to Munis…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
