Capital One Bank has launched a Mobile Deposit Capture tool, which enables commercial customers to make cheque deposits from their iPhone or Android smartphones. The new tool integrates with the bank’s existing remote deposit service, so the same level of security, scalability and functionality is available in a single 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, Capital One’s executive vice president (EVP), head of treasury management and enterprise payments.
“This new, easy-to-use tool will give our customers the ability to deposit cheques 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.”
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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