Cavion Plus Launches P-To-PTransfers
MOUNDS VIEW, Minn. - (04/07/06) -- Cavion Plus announced it hasintroduced online person-to-person money transfers for members atits credit union customers. Members can use the P2P feature tocreate live transfers within two business days of making a request.The function relies on the Automated Clearing House network to movemoney between financial institutions. The Cavion Plus portal allowsfinancial institutions to immediately suspend any accountholder'sexternal account access in the event of fraud. Credit union staffcan also monitor member adoption and usage to create separatestrategies to manage high-risk and low-risk accountholders. CavionPlus provides online services to more than 1,400 creditunions.