Capital One Bank brings mobile deposit feature to commercial clients

Source: Capital One Bank

Capital 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 their hand."

How Capital One's Mobile Deposit Capture for Commercial works:

Contact a Capital One Treasury Management Sales Advisor (treasury@capitalonebank.com) to sign up for the service
Download the Capital One Business Deposits app from the Apple App StoreSM or Google Play™
Log in
Endorse the check
Photograph the front and back of the check
Submit the deposit

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 area.

"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 pacg 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."

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