Digital Insight Introduces Member Business Services

Thursday 24 February 2005 01:19 CET | News

Digital Insight, has introduced Member Business Services, a business banking application designed specifically for credit unions, their back office systems and their members.

Digital Insight Member Business Services features electronic funds transfer via ACH or wires, online bill payment for small business and positive pay to help prevent check fraud. According to credit union research authority Callahan & Associates, it represents a significant development as credit unions pursue new growth markets to compete. The experience of Mountain America Credit Union, a Digital Insight client, underscores the growing demand for business banking services among credit union members. The West Jordan, Utah-based financial institution received so many requests for business checking accounts it began offering one. Soon, Mountain America had $80 million in business deposits in 2004, a 30% increase from the previous year. Digital Insight Member Services is a comprehensive cash management solution that helps business members manage their accounts, understand their cash position, make payments to their vendors, process payroll and take advantage of automatic account alerts and sweeps. It is the only cash management solution available today that is customized to credit unions back office operations and their members. Digital Insight also offers Member Business Services growth and retention programs specifically designed to help credit unions launch their online services and attract and retain member businesses ranging from micro to small to the middle-market.

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Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech