CashEdge's AllData Aggregation Powers New Online Financial Management Capabilities for Jack Henry & Associates
Online financial management solutions now enable bank customers to conveniently track and manage their money online
New York - July 20, 2010 — CashEdge Inc. (www.cashedge.com), provider of AllData, the industry's leading account aggregation service, today announced that its industry-leading aggregation service has been integrated through OurCashFlow with Jack Henry & Associates’ NetTeller Online Banking™ solution to power a new set of online financial management tools.
NetTeller Online Banking is an Internet banking platform that enables banks to establish robust, fully branded, secure Internet banking sites. Capabilities include access to account balances, funds transfers, bill pay, account statements, check image viewing and downloads, and more. Approximately 1,200 banks and credit unions use NetTeller.
Beginning October 1, 2010, financial institutions that leverage Jack Henry & Associates’ NetTeller Online Banking platform will be able to offer enhanced online financial management tools to their customers and members via the AllData-powered OurCashFlow application. The combination of AllData aggregation and OurCashFlow will enable customers to manage their cash flow and improve their financial decision making by providing a complete view of personal finances, coupled with interactive tools that enable them to monitor spending, categorize expenses and create budgets.
“Without account aggregation, we would not be able to provide a complete online financial management solution - it is the underlying engine that powers the ability to truly take advantage of the application,” said Tony Wormington, President of Jack Henry & Associates. “Our online banking platform has been proven to dramatically help financial institutions improve customer self-sufficiency, interaction and loyalty. AllData aggregation, combined with the OurCashFlow tools, banks and credit unions using NetTeller can now offer their customers the ability to access all their financial information in one place and the tools to leverage this data for better decision making.”
“Financial institutions that leverage aggregation and online financial management applications can become the center of their customers’ finances, resulting in stronger, more meaningful relationships and uncovering opportunities to cross-sell additional products and services,” said Tom Roberts, General Manager of Aggregation for CashEdge. “We are committed to bringing innovative online solutions to banks and credit unions that drive retention and engagement. AllData, with its secure, reliable and high-quality aggregated financial data, is another way we deliver on that commitment.”
About CashEdge AllData Aggregation
CashEdge's AllData, the industry’s leading account aggregation service, delivers a complete picture of a customer or investor's financial picture. This holistic view powers better-informed financial decisions for banking and investor customer segments and provides institutions with opportunities for stronger, more meaningful customer relationships and additional revenue. Scalable, flexible and highly secure, AllData delivers aggregated data from more than 12,000 sources, including banking, investment, retirement, insurance, credit card, mortgages and annuities.
CashEdge is headquartered in New York with offices in Silicon Valley and India. For more information, visit www.cashedge.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,800 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking™ supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar™ is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. iPay Technologies operates as a leading electronic bill pay provider supporting more than 3,600 banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. Additional information is available at www.jackhenry.com.
About Lodo Software, Inc.
Lodo Software helps banks, credit unions, and thrifts drive revenue and enhance customer loyalty using personal finance management tools. The company’s signature product line, OurCashFlow, includes an OFM solution designed to be bank-branded and adopt the look and feel of existing Web sites. An accompanying FI Dashboard organizes and analyzes customer information and streamlines the delivery and measurement of cross-selling campaigns. In addition to financial institutions, core processors can use OurCashFlow, integrating it with their online banking solutions to offer added value to their clients. Lodo Software is headquartered in Omaha, Neb., with product development operations based near Denver, Colo. The company’s CEO, Mark Vipond, is a 25-year veteran of the banking software industry, while Lodo’s founders have nearly 50 years of combined expertise in software design and development, public accounting, and business consulting.