If you collect more than $150 billion an
nually in consumer payments, what would it be
worth to you to invest even 10% of those funds one day sooner? That question challenged treasury staff at Capital One Financial Corp. The problem was that Capital One already was squeezing deposit float aggressively and converting incoming checks to ACH debits under the ARC program. To improve, treasury would have to get same-day availability on ACH deposits, and that seemed flat out impossible with batch processing.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
