Spanish translation: modalidad de buzón/ ambiente de buzón
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English to Spanish translations [PRO] Bus/Financial - Finance (general)
English term or phrase:drop-box environment
ARC is used for check present/consumer absent transactions, which are typical of receivable payments, mail order purchases and companies that operate in a drop-box environment. These businesses want the efficiency of electronic processing to reduce costs and improve the timeliness of deposits. Customers are provided a notice explaining that checks will be processed electronically.