TOP 10 REASONS TO OFFER YOUR CUSTOMERS THIRD PARTY TRANSFERS IN 2009
March 10, 2009 — TransferNow®, the industry-leading solution that enabled nearly $50 Billion in online funds transfers in 2008, now supports Third Party Transfers, a consumer online offering that is in high demand.
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Top 10 Reasons to Offer Your Customers Third Party Transfers in 2009
- Let your customers send money online from their personal accounts to the accounts of others, like friends and family – it’s fast, easy and secure
- Generate new transaction-based revenue
- Attract new customers by enhancing your online offering
- Improve customer engagement and loyalty
- Profit from greater cross-selling opportunities in the online channel
- Experience easy integration with your existing processes and online banking environment
- Offer a valuable service with a familiar user interface that is easy for your customers to adopt and navigate
- Leverage multiple configuration options to enable customer segmentation and targeted offerings
- Offer a safe and secure solution, supported by industry-leading identity authentication that satisfies all business, risk and compliance requirements
- Eliminate the need for paper checks, providing a greener more cost-effective solution
Consumers say “Yes!” to Third Party Transfers
88 percent of consumers have a strong interest in online funds transfers to other people, in lieu of cash or check, using account information provided by the recipient. – 2008 CashEdge Consumer Banking Survey
Banks Now Have the Solution to Meet Consumers Demands
CashEdge’s TransferNow® Third Party Transfers solution enables financial institutions to offer consumers what they value most out of their banking experience – convenience. Third Party Transfers is a convenient, easy-to-use and secure online funds transfer solution that enables consumers to transfer funds between their accounts and the accounts of other people, including friends and family, held at more than 23,000 banks, credit unions and brokerages via the ACH network.