DETROIT, Feb. 12 /PRNewswire-FirstCall/ -- Comerica Bank today announced that Comerica Business Deposit Capture(SM), which enables businesses to scan (capture) images of checks at their own locations and transmit them electronically to Comerica for deposit, has surpassed a volume milestone. More than $1 billion in customer deposits were captured with the product in the past month.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO )
"Clearly, our 'customer to bank' image product is striking a chord with businesses looking to reduce 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.
Comerica Business Deposit Capture became a nationwide Comerica treasury management offering in April 2006.
"Our business customers who use this product continue to tell us it provides them faster access to their funds, improves their recordkeeping and helps to reduce fraud and loss," McCarty added.
Comerica has extensive image processing experience. Comerica Business Deposit Capture is among a host of products and services that leverage Comerica's imaging expertise.
For more information about Comerica Business Deposit Capture and related image services, call (800) 852-3649.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company strategically aligned into the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping businesses and people be successful. Comerica locations can be found in Michigan, California, Texas, Arizona and Florida, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $58.0 billion at December 31, 2006. 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/CMALOGOSOURCE: Comerica Bank
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