CashEdge

Key Features:

• Easy Transfers - Enables consumers to quickly and easily transfer funds from their bank accounts to the accounts of third parties, including their friends and family.
• Multiple Settlement Options - Provides the financial institution with multiple configuration options, including the ability for them to provide their customers with next-day and three-day settlement.
• Convenient Transfer Options - Offers multiple transfer options, including one-time, recurring or future-dated transfers. Flexible configuration options enable financial institutions to match their current user experience paradigm for internal transfers and bill pay.
• Real-Time Customer Authentication - Facilitates enhanced real-time customer verification using knowledge-based authentication, to enable risk-managed payee setup.
• Optimized Payments Operations - Handles all aspects of ACH processing, including exceptions, resubmissions, and inquiries, and features five daily ACH submissions and the latest ACH deadline in the industry.
• Flexible Architecture - Enables seamless and tight integration with a financial institution's existing processes and online banking environment.
• Regulation Compliant - Complies with all applicable regulations, including Regulation E, NACHA, GLB, FCRA and U.S. Patriot Act.
• Simple Upgrade from TransferNow Me-to-Me Transfers - Provides a seamless transition from TransferNow Me-to-Me Transfers, which allows users to make transfers across their accounts. Upgrading to TransferNow Third-Party Transfers requires only minor modifications to the user interface and adjustments to the back-end.
• Comprehensive Risk Management - Provides access to best-of-breed risk management tools and databases, delivering the most powerful risk management and transaction monitoring capabilities in the market.

Benefits to Financial Institutions

• Enhanced online offering to meet consumer demands and attract new customers
• Opportunity for new transaction-based revenue stream
• Multiple configuration options to enable customer segmentation and targeted offerings
• Greater ROI of cross-selling opportunities from online channel
• Increased customer engagement and loyalty
• A greener and more cost-effective solution over paper checks

Benefits to Consumers

• Easier way to send money to close contacts, including friends and family
• Multiple transfer speeds, including next-day for urgent needs
• Familiar TransferNow user interface with new add-on features, such as email notifications and payment categorization
• Faster and more environmentally friendly than mailing a check
• Convenience of setting up and making payments from anywhere
• Easy, online tracking of payments replaces the need to keep track of paper checks
• Simplified experience for recipients, eliminating the need to physically deposit checks

Additional Information