Comerica Business Deposit Capture Leverages Bank's Image Capabilities
Nov 17, 2005
DETROIT, Nov. 17 /PRNewswire-FirstCall/ -- Comerica Bank today announced the launch of a new offering for business customers that leverages its considerable image capabilities. Comerica Business Deposit Capture(SM) 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."
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Detroit, strategically aligned by the Business Bank, Small Business & Personal Financial Services, and Wealth & Institutional Management. Comerica focuses on relationships, and helping businesses and people be successful. Comerica reported total assets of $54.3 billion at September 30, 2005. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts .Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO
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SOURCE: Comerica Bank
CONTACT: Wayne Mielke of Comerica Bank, +1-313-222-4732
Web site: http://www.comerica.com/