21 March 2018

Comerica Bank implements Wausau remote cheque deposit technology

18 November 2005  |  7629 views  |  0 Source: Comerica Bank

Comerica Bank today announced the launch of a new offering for business customers that leverages its considerable image capabilities.

Comerica Business Deposit Capture enables businesses to scan (capture) images of checks at their own locations and transmit them electronically to Comerica for deposit.

Comerica has selected Wausau Financial Systems to serve as the software vendor for this offering.

"Our new "customer to bank" image product will save businesses the inconvenience and cost of delivering or mailing paper deposit items," said Daniel J. McCarty, senior vice president and director of Treasury Management Services for Comerica. "In addition, it provides business customers faster access to their funds, improves recordkeeping and helps reduce fraud and loss."

A recent beta program with select business customers has been successfully completed.

"We are building on our extensive image processing experience to get evolutionary payment options into the marketplace," said McCarty. "We have adopted an early release approach with this product, which enables us to reach out to various type of businesses and across all of our markets to ensure it is beneficial to a broad base of customers and prospects."

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