Capital One Bank Launches Mobile Deposit Capture for Commercial Clients
One Bank today announced it has launched Mobile Deposit Capture, a
new tool that enables commercial customers to make check deposits right
from their iPhone® or Android® smartphones. The
new Mobile Deposit Capture tool is seamlessly integrated with Capital
One’s existing Remote Deposit service, providing the same level of
security, scalability, and functionality, now in a mobile platform.
“As more and more businesses are relying on mobile technology to manage
business activities we find ourselves engaging with them in new and
different ways,” said Colleen Taylor, EVP, Head of Treasury Management
and Enterprise Payments at Capital One Bank. “This new, easy-to-use tool
will give our customers the ability to deposit checks on-the-go through
a secure network, saving our clients time and money by eliminating trips
to the bank and virtually bringing a teller window into the palm of
How Capital One's Mobile Deposit Capture for Commercial works:
Mobile Deposit Capture features a simple and user-friendly interface and
is also loaded with a Practice feature and a Help screen. Users can
check the Deposit History screen to get the status of their deposit.
Checks can be deposited as late as 9:00 PM ET, Monday-Friday, for credit
that same day.
A number of Capital One Bank commercial clients piloted Mobile Deposit
Capture prior to launch. Among them was DiCarlo Food Service, one of the
largest independent food service distributors serving the Metro New York
“We’ve had our sales representatives testing Capital One Bank’s Mobile
Deposit Capture for several months and they have been thrilled with the
tool and how easy it is to use,” said Pat Harris, Credit Manager at
DiCarlo Food Service. “The process has been seamless. Our sales force is
able to deposit checks as they collect them versus holding checks and
mailing in one package a week. It saves time and check payments are
posting directly and quickly to our Capital One Bank accounts. This is
going to be a game changer for our business.”
Capital One Bank’s Treasury Management group delivers a broad range of
innovative payables, receivables, liquidity management and online
solutions that help businesses increase working capital and achieve
their strategic financial objectives.
For more information about Capital One Bank’s Treasury Management Mobile
Deposit Capture tool, please contact a Treasury Management Sales Advisor
About Capital One
Capital One Financial Corporation (www.capitalone.com)
is a financial holding company whose subsidiaries, which include Capital
One, N.A., and Capital One Bank (USA), N. A., had $213.3 billion in
deposits and $302.0 billion in total assets outstanding as of September
30, 2012. Headquartered in McLean, Virginia, Capital One offers a broad
spectrum of financial products and services to consumers, small
businesses and commercial clients through a variety of channels. Capital
One, N.A. has approximately 1,000 branch locations primarily in New
York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District
of Columbia. ING DIRECT, a division of Capital One, N.A., offers direct
banking products and services to customers nationwide. A Fortune 500
company, Capital One trades on the New York Stock Exchange under the
symbol "COF" and is included in the S&P 100 index.
About Capital One Treasury Management
With a strategy to offer distinctive, better-than-average products,
Capital One’s Treasury Management group provides a "Center of
Excellence" servicing approach, streamlining client on-boarding
processes, offering online self-service capabilities and enhancing the
ability to survey clients and track service metrics. Treasury Management
executives work across all areas of the commercial bank, enhancing
existing client relationships and helping ensure smoother treasury
functions within their businesses.
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