Business clients can now scan, submit and apply payments
seamlessly with QuickBooks and Peachtree accounting software
MCLEAN, Va., Apr 11, 2011 (BUSINESS WIRE) --
Capital One Bank today introduced a significant enhancement to its
Remote Deposit service designed to give the bank's Treasury Management
clients an efficient new electronic receivables processing solution.
With the new Apply Payments tool, businesses using Capital One's Remote
Deposit service can seamlessly integrate their electronic check deposits
with accounting software packages, such as QuickBooks or Peachtree. For
no additional fee, the tool eliminates the hassle of double-keying check
deposit information and automatically updates accounts receivable
information in one easy step. Apply Payments will allow Capital One's
business clients to save time, reduce keying errors and benefit from a
truly integrated receivables process.
Remote Deposit clients can sign up for the new Apply Payments tool by
calling their Treasury Management Sales Advisor or contacting Capital
One Bank at firstname.lastname@example.org
"Apply Payments is just one of several new product enhancements our
clients can expect to see from Capital One this year," said Colleen
Taylor, EVP-Head of Capital One Bank's Treasury Management business. "We
are making significant investments in technology and resources to expand
our Treasury Management solutions, all intended to help support our
customers and to allow them to spend more time on focusing on their
broader business objectives."
As the nation's 9th largest financial services provider, Capital One
delivers innovative treasury management and merchant services solutions
that extend beyond the traditional - offering a comprehensive suite of
payables, receivables, liquidity management and commercial card services
along with the online tools companies need to manage their cash flow
swiftly, safely and efficiently.
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 $122.2 billion in
deposits and $197.5 billion in total assets outstanding as of December
31, 2010. Headquartered in McLean, Virginia, Capital One offers a broad
spectrum of financial products and services to consumers, small
businesses and commercial clients. 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. 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.
Capital One Bank is a registered trade name of Capital One, N.A.
SOURCE: Capital One Financial Corporation
Capital One Financial Corporation
Julie Rakes, 804.284.5800