Source: National City
National City (NYSE:NCC) Global Treasury Management today announced it has launched Corporate Remote Capture, an e-commerce solution with robust capabilities that provides the bank's business clients with a convenient, electronic way to manage check collections at their location and eliminate branch visits to make deposits.
National City implemented the new service for corporate treasury management clients in November after launching a small business version earlier in 2006.
One of the unique capabilities of National City's Corporate Remote Capture is the ability to accept image cash letter files from other check imaging systems, enabling the bank to process tens of thousands of deposited items each day from higher-volume clients. This capability coupled with National City's exclusive use of electronic clearing channels for remotely-captured checks gives many corporate clients improved availability of funds and faster notification of return items. National City is fully end-to-end image enabled and does not print image replacement documents.
"National City is committed to delivering treasury management solutions that meet our clients' needs," said Mary Ann Francis, senior vice president and manager of payment solutions with the National City Global Treasury group. "The Check 21 legislation created opportunities that are redefining the landscape of treasury management. National City will continue developing capabilities that will add value to our client relationships and being the treasury manager of choice in the financial services industry."
By electronically transmitting deposits to National City, companies are targeting quicker access to funds and cost savings by reducing the amount of time and resources spent on processing and depositing payments. The National City solution provides clients with advanced capture and transmission software and user-defined data entry fields to ensure dollars and data remain together and web-based reporting and administrative tools; all features combine to streamline the integration of the deposit into the client's systems.