Digital Insight Corp., a provider of online banking solutions, has introduced a funds-transfer product coupled with account aggregation to its Internet Banking solution. Funds Transfer w/Aggregation by CashEdge, a Digital Insight partner since 2002, "integrates comprehensive online account-to-account transfers and person-to-person payments with rich aggregated account information under one simple and secure log-in," the company said.
Digital Insight said it anticipates Funds Transfer w/Aggregation will significantly benefit its client financial institutions. Digital Insight clients that currently implement Funds Transfer experience more than 70% of all transfers as inbound, a result that creates a 5% average net increase in deposits. These institutions also generate significant fee revenue from outbound or other for-fee transfers. "Funds Transfer w/Aggregation helps our clients drive retention and increase assets and fee income," said Jeff Stiefler, CEO for Digital Insight.
Separately, Digital Insight Corp. said that Atlanta Postal Credit Union (www.apcu.com), one of the 50 largest credit unions in the nation, will implement Digital Insight's AnyTimeLender, ContactCenterLender and DeskTopLender Premium online lending solutions as part of a renewed strategic partnership agreement.
For info: www.digitalinsight.com.
