September 10, 2008
CashEdge Launches Online Account Opening and Funding Suite
CashEdge, a provider of online financial applications, has launched its OpenNow/FundNow Express, an online account opening and funding solution designed to enable small and mid-sized banks and credit unions to offer advanced online opening and funding account capabilities.
The company has said that the OpenNow/FundNow Express is the newest addition to CashEdge's OpenNow/FundNow product suite, the solution that in 2007 processed more than 1.7 million online applications on behalf of CashEdge's bank and credit union clients
The company has also said that the OpenNow⁄FundNow Express provides institutions with the proven technology and benefits of OpenNow/FundNow including instant ID verification using best of breed data sources, real-time account verification, multiple electronic funding options and comprehensive risk management services.
Sanjeev Dheer, CEO of CashEdge, said: "With nearly 73% of consumers preferring to open and fund accounts online, we wanted to create a solution to enable small and mid-sized banks, and credit unions to capitalize on this opportunity, without having to commit an amount of internal resources to the process. OpenNow/FundNow Express is a solution that enables financial institutions in this valuable segment of the marketplace to compete with the industry leaders while realizing an immediate and positive return on their investment. This product puts online account opening within the reach of every financial institution."