CashEdge Partners With Financial FusionŽ to Deliver Online Money Movement Capabilities to Leading Financial Institutions
CashEdge to Deliver Aggregated Data to Advisor Suite
New York, NY – July 29, 2002 —CashEdge (www.cashedge.com), a provider of secure online money movement and advanced account aggregation platforms, today announced a partnership with Financial Fusion, Inc., a leading solutions provider to more than 200 of the world’s largest financial institutions, to enhance their online services with inter-institution transfer and person-to-person payment technologies.
The one-step payment solution will permit users to transfer funds back and forth between financial accounts at separate institutions. End-users will also be able to send money electronically to friends, colleagues and businesses. Financial Fusion’s clients will have immediate access to integrate these advanced payment solutions into their Internet Banking services.
“This unprecedented flexibility is what consumers have been waiting for: the ability to use the Internet to conveniently and confidently use their online banking accounts for inter-institution money transfer,” said Mike Dutton, V.P. of Product Development for Financial Fusion. “Our partnership with CashEdge enables our financial institutions to round out their online banking channel with an immediate online payments solution for their customers.”
“We are thrilled to by our partnership with such a trusted leader in eFinance technology,” said Dilip Venkatachari, president, CashEdge Inc. “Financial Fusion’s selection of our technology on behalf of their top-caliber financial partners, underscores the global demand for online funds transfer.”
About Financial Fusion, Inc.
Financial Fusion provides integrated financial solutions to more than 200 of the world’s leading financial institutions. Global alliance partners include IBM, Sun Microsystems, and SWIFT. The company supplies service and support in 60 countries and is a wholly owned subsidiary of Sybase, Inc. (NYSE: SY).
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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