eFunds Offers OnlineAccount-Opening

October 06, 2005, 1:00 a.m. EDT 1 Min Read

SCOTTSDALE, Ariz. - (10/06/05) -- eFunds announced Wednesday it is nowoffering an online account-opening solution for credit unions andbanks. The company's eXpress Accounts will provide a one-stop shopfor demand deposit account data, decision making, new accountset-up and funding. The system, offered through eFund's ChexSystems subsidiary, combines all of the components required for acomprehensive, real-time online account opening and fundingsolution. The service includes functions like identity verificationand fraud detection, new account risk, cross-selling and up-sellinganalysis, account verification, a management console forback-office management, credit card/ACH funds transfer processing,and system integration for complete debit card/check printingfulfillment.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Stress tests

What's next after strong bank stress tests?

While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.

By Catherine Leffert

4h ago
Digital banking

Academy Bank gives consumers digital budgeting help

The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.

By Melinda Huspen

6h ago
Cyber security

GodFather malware hijacks banking apps on Android devices

GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.

By Carter Pape

8h ago
Payments

How Walmart, Amazon and other nonbanks chase stablecoins

As banks consider their strategies, other big names are also considering a role for digital assets.

By John Adams

8h ago
Open banking

Fintech group urges court to uphold CFPB's open banking rule

The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.

By Kate Berry

10h ago
Industry News

Financial Services Forum CEO Fromer departing

Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.

By Claire Williams

11h ago