Concentration Service

A service that a bank provides in which it processes payments for a company. The company directs its customers to send payments to a lockbox at the bank, which then collects the payments and deposits them directly into the company's account. A concentration service reduces time between the receipt and processing of payments, which can be beneficial for the company using the concentration service. On the other hand, it comes with the possibility of fraud by bank employees, who could steal the payments by taking the funds and not depositing them.

单词	concentration service
释义	Concentration Service Concentration Service A service that a bank provides in which it processes payments for a company. The company directs its customers to send payments to a lockbox at the bank, which then collects the payments and deposits them directly into the company's account. A concentration service reduces time between the receipt and processing of payments, which can be beneficial for the company using the concentration service. On the other hand, it comes with the possibility of fraud by bank employees, who could steal the payments by taking the funds and not depositing them.
随便看	marine biological association marine biological laboratory marine biological laboratory and the woods hole oceanographic institution marine biological research institute of japan marine biologist marine biology marine biology research centre marine biology research division marine biology research institute marine biology simulation marine biomedical institute marine biomedicine and environmental sciences marine biotechnology institute marine biotechnology institute co. ltd. marine biotechnology institute culture marine biotechnology research unit marine birds and mammals marine bloom marine boiler marine bombing squadron marine borer marine boundary layer marine bridge marine business leaders outlook marine captain