B2B Payments

Capital One Bolsters Treasury Management Team

Capital One’s strategy for corporate treasury management service includes the exploration of new technology, and in a statement emailed to PYMNTS, the bank revealed a new hire chosen to fuel that goal.

Capital One announced the appointment of a new head of treasury services for its corporate and SME clients. On Thursday (Sept. 10), the bank revealed Patrick Moore would take on the position of executive vice president and head of treasury management at Capital One’s product management and innovation group.

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The role means Moore will lead the bank’s payment strategies for commercial and small business customers, Capital One said. He will be tasked with spearheading the development of treasury management solution offerings and the creation of new product channels in the space.

The bank noted that Moore’s focus will land especially on digital treasury management solutions, as well as treasury management tools designed for specific industries.

In a statement, Colleen Taylor, who heads treasury management and enterprise payments, said Moore’s expertise in the space will fuel Capital One’s treasury management innovation efforts. The bank specifically highlighted his experience in developing new business models and utilizing the latest technology for business services.

"Patrick brings extensive global expertise, deep cross-functional knowledge and many years of experience in the payments and treasury management industries," Taylor stated. “He has a proven track record of driving growth and transformation across multiple business lines. With Patrick's addition, we're confident that our treasury management clients will see a heightened level of innovative solutions from Capital One.”

Moore joins the bank from his previous position at JPMorgan Chase as head of global financial crime investigations, reports said.

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The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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