Capital One Bank Launches Mobile Deposit Capture for Commercial Clients

  Capital One Bank Launches Mobile Deposit Capture for Commercial Clients

 New mobile tool allows business clients to save time and money by depositing
                     checks right from their smartphones

Business Wire

MCLEAN, Va. -- December 03, 2012

Capital One Bank today announced it has launched Mobile Deposit Capture, a new
tool that enables commercial customers to make check deposits right from their
iPhone^® or Android^® smartphones. The new Mobile Deposit Capture tool is
seamlessly integrated with Capital One’s existing Remote Deposit service,
providing the same level of security, scalability, and functionality, now in a
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, EVP, Head of Treasury Management and Enterprise
Payments at Capital One Bank. “This new, easy-to-use tool will give our
customers the ability to deposit checks 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.”

How Capital One's Mobile Deposit Capture for Commercial works:

  *Contact a Capital One Treasury Management Sales Advisor
    (treasury@capitalonebank.com) to sign up for the service
  *Download the Capital One Business Deposits app from the Apple App Store^SM
    or Google Play™
  *Log in
  *Endorse the check
  *Photograph the front and back of the check
  *Submit the deposit

Mobile Deposit Capture features a simple and user-friendly interface and is
also loaded with a Practice feature and a Help screen. Users can check the
Deposit History screen to get the status of their deposit. Checks can be
deposited as late as 9:00 PM ET, Monday-Friday, for credit that same day.

A number of Capital One Bank commercial clients piloted Mobile Deposit Capture
prior to launch. Among them was DiCarlo Food Service, one of the largest
independent food service distributors serving the Metro New York area.

“We’ve had our sales representatives testing Capital One Bank’s Mobile Deposit
Capture for several months and they have been thrilled with the tool and how
easy it is to use,” said Pat Harris, Credit Manager at DiCarlo Food Service.
“The process has been seamless. Our sales force is able to deposit checks as
they collect them versus holding checks and mailing in one package a week. It
saves time and check payments are posting directly and quickly to our Capital
One Bank accounts. This is going to be a game changer for our business.”

Capital One Bank’s Treasury Management group delivers a broad range of
innovative payables, receivables, liquidity management and online solutions
that help businesses increase working capital and achieve their strategic
financial objectives.

For more information about Capital One Bank’s Treasury Management Mobile
Deposit Capture tool, please contact a Treasury Management Sales Advisor or
treasury@capitalonebank.com.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding
company whose subsidiaries, which include Capital One, N.A., and Capital One
Bank (USA), N. A., had $213.3 billion in deposits and $302.0 billion in total
assets outstanding as of September 30, 2012. Headquartered in McLean,
Virginia, Capital One offers a broad spectrum of financial products and
services to consumers, small businesses and commercial clients through a
variety of channels. Capital One, N.A. has approximately1,000 branch
locations primarily in New York, New Jersey, Texas, Louisiana, Maryland,
Virginia and the District of Columbia. ING DIRECT, a division of Capital One,
N.A., offers direct banking products and services to customers nationwide. A
Fortune 500 company, Capital One trades on the New York Stock Exchange under
the symbol "COF" and is included in the S&P 100 index.

About Capital One Treasury Management

With a strategy to offer distinctive, better-than-average products, Capital
One’s Treasury Management group provides a "Center of Excellence" servicing
approach, streamlining client on-boarding processes, offering online
self-service capabilities and enhancing the ability to survey clients and
track service metrics. Treasury Management executives work across all areas of
the commercial bank, enhancing existing client relationships and helping
ensure smoother treasury functions within their businesses.

Google Play and Android are trademarks of Google Inc.

iPhone and Apple App Store are trademarks of Apple Inc.

Contact:

Capital One Bank
Julie Rakes, 804-284-5800
Julie.rakes@capitalone.com
 
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