UPS said that about a third of C.O.D. shippers defer deposits of C.O.D. payments when requested by customers with cash flow concerns to maintain repeat business. The checks are typically held and manually deposited at an agreed-upon future date.
UPS Capital’s C.O.D. Delayed Deposit automates the process, saving administrative costs such as stamping and driving to the bank, and the risks associated with manually managing checks, UPS said.
Features include:
- Flexibility for timing deposits
- Email notifications alerting the customer of new C.O.D. deliveries awaiting deposit
- Secure Web access to view check images and manage deposits
- Daily reports of check reconciliation activity
- Reduced bank fees associated with check processing
- Use of only one UPS account to manage all checks
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now