DIGITAL INSIGHT INTRODUCES NEXT-GENERATION PAYMENT TECHNOLOGY
Inter-Institution and Person-to-Person Payments Become Available to Consumers via their Primary Financial Institution's Website
Calabasas, CA – April 18, 2002 — Digital Insight™ Corp. (Nasdaq: DGIN) (www.digitalinsight.com), a leading eFinance enabler, announced today that it is augmenting its online payment offering with inter-institution transfer and person-to-person payment technologies. These latest eFinance developments permit end-users to transfer funds back and forth between their primary account and their accounts at other institutions. They also empower end-users to send money electronically to friends, colleagues and businesses. Digital Insight's client financial institutions will be able to integrate these advanced payment solutions into their Internet Banking offering.
Made available through Digital Insight's partnership with CashEdge Inc.(www.cashedge.com), a leader in online payment solutions, these new one-step payment solutions allow end-users to bypass the check writing process and exercise greater control over their finances.
"This unprecedented flexibility is what consumers have been waiting for: the ability to use the Internet to conveniently and confidently transfer money from person-to-person through their bank or credit union using the ACH process," said Dale Walker, president and chief operating officer for Digital Insight. "Through our partnership with CashEdge, our financial institutions can now present an even more comprehensive online payments suite to their customers."
"We are pleased to partner with Digital Insight, a trusted leader in eFinance technology," said Dilip Venkatachari, president, CashEdge Inc. "Through CashEdge's innovative solutions, Digital Insight clients have the ability to reduce check processing costs while realizing fee income."
Clients that are interested in signing up for Inter-Institution and Person-to-Person Payments technology should contact their Add-On Sales Consultant. Other financial institutions that are interested in offering the latest in eFinance technology should call 888.344.4674 or go to www.digitalinsight.com.
About CashEdge
CashEdge® provides innovative, online financial applications to banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer, small business payments and invoicing, and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities.
CashEdge has been ranked by Inc. Magazine as one of the 500 fastest growing private companies in the United States for two years in a row. In 2007 it was also recognized by the 2007 Deloitte Technology Fast 500 and Fast 50 as one of the nation's 500 fastest growing private companies and one of the 50 fastest growing companies in the New York area, respectively. The company currently serves hundreds of leading financial institutions including four of the top five banks, 23 of the top 100 banks, and 20 of the top 100 credit unions. CashEdge has offices in New York, Silicon Valley and India. For more information, please visit www.cashedge.com.
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