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Leading Online Banking Provider Introduces Funds Transfer w/Aggregation

Thursday 7 April 2005 17:44 CET | News

Digital Insight Corp., the leading online banking provider, introduced a funds transfer product coupled with account aggregation to its robust Internet Banking solution.

Funds Transfer w/Aggregation by CashEdge(R), a Digital Insight partner since 2002, integrates comprehensive online account-to-account transfers and person-to-person payments with rich aggregated account information under one simple and secure log-in. The new Digital Insight offering will enable financial institution end users to more effectively manage their assets and liabilities in one central location, strengthening the financial institutions position as end users primary financial channel. Funds Transfer w/Aggregation features a dashboard that consolidates summary balance and transaction data from each of the users aggregated banking, investment, credit card and loan accounts, even if each account is from a different financial institution. End users can transfer funds directly from the dashboard. Digital Insight anticipates Funds Transfer w/Aggregation will significantly benefit its client financial institutions. Digital Insight clients that currently implement Funds Transfer experience more than 70% of all transfers as inbound, a result that creates a 5% average net increase in deposits. These institutions also generate significant fee revenue from outbound or other for-fee transfers. Funds Transfer w/Aggregation is an important part of the Digital Insight consumer Internet Banking suite, which includes bill payment, check imaging, check reorder, and online statements, among other features.


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

Banking & Fintech