CashEdge, which provides widely distributed funding account tools and wealth management aggregation technology for institutions, has introduced what it calls Intelligence Money Movement – a new SAAS-delivered suite of electronic transfer interfaces for institutions that has enhanced its funding platform strengths for both online and mobile banking applications.
According to CashEdge, this fee-building service simplifies the landscape with a single point of access through a bank site for a consumer or small-business client to handle various money transfer functions, including new-account funding, “me-to-me” and third-party transfers, vendor or customer payments, as well as invoicing.
Also introduced were third-party transfers, a modular add-on to CashEdge's TransferNow Product Suite, which enables financial institutions to offer customers the ability to make secure funds transfers directly from a customer's account to third-party, friends-and-family accounts held at other financial institutions, per CashEdge.
