The New York electronic money movement provider CashEdge Inc. said last week that it has extended an agreement to provide transfer services to bank customers of Intuit Inc.'s online banking subsidiary, Digital Insight.
CashEdge have several agreements in place to provide transfer, account-opening and account funding products to Digital Insight customers.
The transfer agreement, which has been in place since 2002, has been extended, CashEdge said. It did not give the length of the extension.
The opening/funding contract dates to 2005. Intuit purchased Digital Insight in 2007.
Neil Platt, CashEdge's senior vice president and general manager of banking, said in a press release that the agreements would help his company reach "the small to midmarket banking and credit union market … enabling these institutions to meet growing consumer demand for online banking services."
CashEdge, which also sells directly to large financial companies, said that the dollar value of the online transfers it facilitated last year grew 32% from the previous year, to nearly $50 billion.
