August 13, 2007
Principal Bank Partners With CashEdge to Deliver Online Money Transfer Functionality
The banking site posted CashEdge’s recent announcement detailing their selection by Principal Bank to provide inter-institution transfer technology.
“CashEdge’s TransferNow technology enables financial institutions to deploy secure online money transfer services that attract new assets and generate new revenue streams. Using TransferNow, Principal Bank customers can transfer money securely to and from family, friends and associates at any of 23,000 banks, credit unions, and brokerages nationwide from their Principal Bank log-in. Supported by CashEdge's comprehensive risk management capabilities, TransferNow automates the authentication of the account, and moves funds in a risk-managed fashion via the ACH network.”
“’CashEdge’s technology is an important part of our online payments suite,’ said Art Bacci, president of Principal Bank. ‘Principal Bank strives to provide our customer with the best available online banking solutions. By empowering our customers to securely move money between their accounts, and to and from individuals, we are adding greater convenience and efficiency to their online banking experience’.”