5 December 2013
UPS (NYSE: UPS) business unit UPS Capital Corp. has announced a new service, UPS Capital C.O.D. Delayed Deposit, which 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.
United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. domestic package, international package, and supply chain and freight. It was formerly known as Merchants Parcel Delivery and changed its name to United Parcel Service, Inc. in 1919. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia. The company´s website is at http://www.ups.com.