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.
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