This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

UPS Capital® Improves C.O.D. Services To Help Small Businesses Manage Cash, Customer Relationships

UPS Capital ® Corporation, a business unit of UPS ® which helps customers manage risks and protect finances, today announced a new service, UPS Capital C.O.D. Delayed Deposit. The service is designed to improve how and when companies that accept C.O.D. can deposit their customers’ checks. This new service provides a safe, secure, technology-based solution to control the timing of individual check deposits.

UPS research shows that 33 percent of C.O.D. shippers defer deposits of C.O.D. payments when requested by their customers. The primary reason is to help their customers who do not have cash now but will be able to pay later. Respondents feel that honoring customers’ requests for deferred C.O.D. check deposits is important to their business, enabling them to extend credit, improve customer relationships and increase sales.

“For years, businesses have held their customers’ checks and manually deposited them on agreed-upon future dates,” said Bob Bernabucci, president of UPS Capital. “Today, C.O.D. is still a very popular way for businesses to extend payment terms, build relationships and gain new business. C.O.D. Delayed Deposit automates this process, thereby saving businesses both administrative expenses and the risks associated with manually managing checks.”

C.O.D. Delayed Deposit offers many unique features, including:
  • Flexibility in determining the deposit timing of individual checks
  • Email notifications alerting the customer of new C.O.D. deliveries awaiting deposit
  • Secure web access to view check images and manage deposits
  • Daily electronic delivery of reports providing reconciliation of C.O.D. activity and advanced notice of scheduled deposits and returned items
  • An option for automatic second presentation of dishonored checks
  • Automatic daily deposit of funds into a shipper’s bank account of choice
  • Reduction of bank fees associated with check processing
  • Use of only one UPS account to manage all checks.

“The new service provides considerable time savings and improves cash flow,” said Peter Park, Manager for Cinderella Divine, a women’s fashion designer. “C.O.D. Delayed Deposit improves our accounts receivable outstanding by as much as five days, saving us manual processing, stamping and a daily trip to the bank. By easily seeing all delayed checks, we can negotiate our position and easily reconcile between our account ledger and the UPS portal.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.69 -0.59%
FB $119.49 1.40%
GOOG $711.11 1.40%
YHOO $37.23 0.79%
TSLA $214.84 1.60%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs