Product & Service
CashEdge Intros Two Products
NEW YORK CITY-CashEdge, Inc., a provider of online financial applications, has introduced two new products, OpenNow and FundNow. Implemented together, the products deliver an end-to-end, single-session online account opening and funding solution, allowing financial institutions to securely acquire and fund new customer accounts in real time, the company said. OpenNow is an online account enrollment, authorization and validation product. FundNow offers a risk-managed service for instantly, safely and securely funding new accounts online.
For info: www.cashedge.com
Digital Mailer Has Strong 2004
HERNDON, Va.-Announcing it has big plans for growth during 2005, DigitalMailer reported that during 2004 it doubled its client base, published its "one-millionth" eStatement on behalf of clients, and is well on the way to two-million; launched "enhanced" eStatement publication services; launched Secure Forms service; added Print/Mail and Technology partners to list of resellers and supporters; launched 24/7 online survey services for CUs looking to improve their member service response systems, and more. For info: www.digitalmailer.com.
2 NC CUs Sell Car Portfolios
GREENSBORO, N.C.-Two credit unions have sold their auto loan portofolios through the CarPooL program offered by Charlie Mac and First Carolina Corporate., Charlotte Metro Credit Union, North Carolina, and Carolina Trust FCU, Myrtle Beach, S.C. sold the portfolios as part of efforts to gain liquidity. First Carolina said that its member credit unions have now sold $115 million in auto loans to Charlie Mac.
Metavante Acquires Prime Assoc.
MILWAUKEE, Wis.- Metavante Corp., the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), acquired all the outstanding stock of Clark, N.J.-based Prime Associates, Inc. The company will continue to operate under the name of Prime Associates.
Prime Associates is a provider of software, data and services that address the regulatory and compliance mandate of financial institutions such as anti-money laundering (AML) regulations.