October 28, 2008
CashEdge Launches New Funds Transfer Product
CashEdge, a provider of Intelligent Money Movement services for financial institutions, has launched an online funds transfer product, Small Business Me-to-Me Transfers.
The company said that that Small Business Me-to-Me Transfers, a part of the TransferNow for small businesses product suite, enables financial institutions to offer secure inter-institution funds transfer services to their small business customers.
The product is claimed to provide automated identity authentication and funding account verification processes that satisfy all business, risk and compliance requirements, enabling small business customers to transfer money between their accounts held at over 23,000 banks, brokerages and credit unions via the ACH network.
Sanjeev Dheer, CEO and president of CashEdge, said: "CashEdge has successfully leveraged its online funds transfer expertise to create a product that enables financial institutions to better serve this traditionally underserved market segment. Me-to-Me Transfers enables small businesses to seamlessly move money between business and personal accounts - providing greater flexibility and improved cash management."