Under the terms of the renewed agreement, CashEdge is set to provide online money movement (including online account transfers and account aggregation) services to banks and credit unions which already employ an internet banking services suite from Digital Insight. CashEdge’s TransferNow Product Suite provides a single point of access for multiple consumer transfer routes, thus allowing inter-institution transfers between consumers’ own accounts or directly to third parties.
CashEdge carried out nearly online transfers worth an estimated USD 50 billion in 2008. Digital Insight’s online banking applications portfolio includes consumer and business internet banking, online lending, electronic bill payment and presentment, website development and hosting as well as marketing programs.
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