DALLAS, April 7, 2008 /PRNewswire-FirstCall/ -- Comerica Bank today announced that its Comerica Business Deposit Capture(SM) product has surpassed a volume milestone. More than $2 billion in customer deposits were captured with the product in the past month.
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Comerica Business Deposit Capture enables businesses to scan (capture) images of checks at their own locations and transmit them electronically to Comerica for deposit.
"This represents a doubling of the volume from one year ago," said Daniel J. McCarty, senior vice president and director of Treasury Management Services for Comerica. "We are seeing widespread acceptance of this product in all of our markets. Business customers are actively looking to reduce the inconvenience and cost of delivering or mailing paper deposit items and this product is making it happen for them."
Comerica Business Deposit Capture became a nationwide Comerica treasury management offering in 2006. It provides business customers with faster access to their funds, improves recordkeeping and helps reduce fraud and loss.
For more information about Comerica Business Deposit Capture and other treasury management offerings, businesses are encouraged to call (800) 852- 3649 or visit http://www.comerica.com/ .
Comerica Bank is a subsidiary of Comerica Incorporated, a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada, China and Mexico. Comerica reported total assets of $62.3 billion at December 31, 2007. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts .
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