TeamStaff, Inc., one of the nation’s leading Professional Employer Organizations, and Capital One, a leading financial services company, have formed an alliance to co-market TeamStaff Professional Employer Services. The agreement calls for a multi-year relationship in which TeamStaff will be the exclusive authorized marketer of professional employer services to Capital One’s small-business cardholders.
Donald W. Kappauf, TeamStaff’s President and CEO said, “This means we will now have a world class leader in the marketing of credit cards actively promoting our services to its small business customer base. This is a powerful way for us to reach a key segment of our customer base.” Bob Paisley, Director of Small Business Solutions at Capital One said, “From our perspective this relationship helps us broaden the financial and business solutions available to our commercial customers.”
TeamStaff Area Vice President Ray Dile said, “We are delighted to partner with Capital One in a way that helps reinforce TeamStaff’s commitment to the small business community. Our small business division has stepped up its efforts to serve this community at a time when many other PEOs have shied away. More than 85 percent of businesses in the U.S employ less than 10 people. Therefore, it makes good business sense to pursue this vast market if you have the business model to do it cost effectively and profitably – and we do!” Rosemary Ryan, head of Strategic Sales Alliances for TeamStaff’s small business operations said, “We know the challenges that small businesses face. Owners tell us they wish they could clone themselves because the administrative responsibility of being in business is a second business itself. We’re here to be that clone so today’s entrepreneurs can stay focused on their top and bottom line. We free the small business owner from the administrative aspects of being an employer so they can focus on growth. At the same time, we provide them a powerful human resource package that rivals that of any Fortune 500 company.”
In addition to its Professional Employer Organization, TeamStaff operates three other employer outsourcing services. Through TeamStaff RX, TeamStaff provides temporary and permanent medical staffing services throughout the country and is the largest provider of medical imaging personnel in its field. TeamStaff also operates DSI, its niche payroll service bureau offering payroll and tax processing to over 750 clients and 30,000 employees, mostly in the construction industries in New York and New Jersey. TeamStaff Solutions is a Manhattan-based provider of technical personnel and transaction processing for government agencies. For more information, visit the TeamStaff web site at [www.teamstaff.com].
Headquartered in Falls Church, Virginia, Capital One Financial Corporation ([www.CapitalOne.com]) is a holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products. Capital One’s subsidiaries collectively had 36.5 million accounts and $31.6 billion in managed loans outstanding as of March 31, 2001. Capital One, a Fortune 500 company, is one of the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 500 index.