Cap One Implementation Plan Announced
Capital One (CapOne) plans to begin sending Omega placements to firms using Collection-Master on or after March 31st. Afterwards, CapOne will ask firms to cease sending NAN files to CapOne and begin sending Omega files. Vertican has proposed a three-step solution that will make this possible. 1) Hybrid Solution – OMEGA in/NAN out will support firms importing Omega placement from CapOne. 2) Full OMEGA Solution – OMEGA in/OMEGA out will…