CashEdge Awarded Patent for Retrieving and Processing Data
NEW YORK, NY & SAN JOSE, CA –April 4, 2006 —CashEdge Inc. (www.cashedge.com), a provider of online financial applications, today announced the issuance of U.S. Patent number 7,013,310, "Method and Apparatus for Retrieving and Processing Data," the core technology behind CashEdge's data consolidation services for use by financial institutions and their customers.
Issued on March 14th, CashEdge's U.S. patent 7,013,310 describes the Company's proprietary method for automatically retrieving and processing data from web sites and other data sources, normalizing the data and storing it in a database. This patent includes 29 claims.
"We are very pleased to have been awarded this patent, which protects our intellectual property, validates our superior technology, and underscores our history of innovation," said CashEdge CEO Sanjeev Dheer. "Hundreds of our leading financial institution clients rely on this technology in serving their customers and we look forward to leveraging it for future product development," he added.
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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