CashEdge Extends Agreement With Digital Insight To Provide Intelligent Money Movement Solutions To Banks and Credit Unions
CashEdge Inc., the leader in Intelligent Money Movement™ products for financial institutions, announced today it has extended its agreement with Digital Insight, an Intuit Company. Digital Insight is the leading outsourced provider of online banking and financial management capabilities to banks and credit unions in the United States. Through this agreement, CashEdge will provide its industry-leading, online money movement solutions to more small to mid-sized banks and credit unions.
New York, NY (PRWEB) April 16, 2009 -- CashEdge Inc., the leader in Intelligent Money Movement™ products for financial institutions, announced today it has extended its agreement with Digital Insight, an Intuit Company. Digital Insight is the leading outsourced provider of online banking and financial management capabilities to banks and credit unions in the United States. Through this agreement, CashEdge will provide its industry-leading, online money movement solutions to more small to mid-sized banks and credit unions.
CashEdge's cutting-edge money movement platform provides banks and credit unions with simple, seamless and secure online and mobile banking applications. The Company's products empower financial institutions to rapidly introduce new services in response to evolving market demands, helping smaller financial institutions quickly respond to growing consumer demand for new, easy-to-use money movement capabilities, including online account transfers. The TransferNow® Product Suite provides a single point of access for multiple easy-to-use consumer transfer routes, including Me-to-Me Transfers and Third Party Transfers. These transfer routes enable banks and credit unions to offer their customers secure funds transfer services for inter-institution transfers between their own accounts or directly to third parties.
"Digital Insight has unique expertise and leadership in the small to mid-market banking and credit union market. We look forward to extending our relationship with the company," said Neil Platt, SVP and General Manager, Banking, of CashEdge Inc. "By introducing our leading online transfer solutions and aggregation services to more mid-market banks and credit unions, we are enabling these institutions to meet the growing consumer demand for online banking services."
In 2008, CashEdge executed nearly $50 Billion in online transfers, a more than 32 percent increase over 2007 volume. Furthermore, the Company reported an over 30 percent growth in the number of end users accessing its services, indicating a continued growth in user demand for online funds transfer services.
All of the Company's Intelligent Money Movement services are supported by CashEdge's risk management capabilities. CashEdge currently serves hundreds of leading financial institutions, including the majority of the nation's largest banks. To learn more about CashEdge's Intelligent Money Movement Services, visit www.cashedge.com.
About CashEdge
CashEdge is the leader in Intelligent Money Movement™ services that enable financial institutions to engage customers in new ways. CashEdge's Intelligent Money Movement services provide a single point of access, through an online banking portal or mobile application, for multiple easy-to-use consumer and small business transfer routes. CashEdge's industry-leading products include OpenNow®/FundNow® for new account opening, TransferNow® for Consumers which includes Me-to-Me Transfers and Third Party Transfers, and TransferNow for Small Businesses which includes Invoicing and Payments, Me-to-Me Transfers, Employee Payments and Vendor Payments. These products are supported by industry-leading risk management capabilities that leverage comprehensive, proprietary technology, helping institutions mitigate risk and decrease fraud exposure.
CashEdge currently serves hundreds of leading financial institutions, including the majority of the nation's largest banks. The Company has offices in New York, Silicon Valley and India. For more information, visit www.cashedge.com.
About Digital Insight
Digital Insight, an Intuit company, is the leading outsourced provider of online banking services to mid-market banks and credit unions in the United States. The company's extensive portfolio of on-demand applications includes consumer and business Internet banking, online lending, electronic bill payment and presentment, Web site development and hosting, marketing programs designed to help increase online banking end user growth, and more. Approximately 9 million consumers and businesses, or nearly 10 percent of all online banking users in the United States, actively use Digital Insight's solutions through its nearly 1,800 financial institution clients.
For more information, visit www.digitalinsight.com.
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