CashEdge

Key Features:

• Easy Transfers - Provides the ability for small businesses to transfer funds to and from their accounts at more than 23,000 financial institutions, including the ability to transfer funds between their personal and business accounts as well as across business accounts.
• Multiple Settlement Options - Provides multiple configuration options, including the ability for institutions to provide customers with next-day and three-day settlement speeds to meet each business's individual, and often urgent, cash flow needs.
• Convenient Transfer Options - Offers multiple transfer options, including one-time, recurring or future-dated transfers to meet each customer's specific needs. Flexible configurations enable financial institutions to match their current user experience paradigm for internal transfers and bill pay.
• Superior Entitlement Functionality and Security - Enables multiple profiles for the same account, allowing several individuals the ability to initiate transactions and view history according to their specific roles and rights. As an added measure of security, only the profile that adds an account can initiate transfers to and from that account.
• Robust Account Verification - Facilitates enhanced verification of funding account ownership using trial deposits.
• Optimized Payments Operations - Handles all aspects of ACH processing, including exceptions, resubmissions, and inquiries, and features five daily ACH submissions and the latest ACH deadline in the industry.
• Enhanced User Interface - Leverages the familiar, user-friendly TransferNow interface, to provide an easy upgrade that uses a similar structure and flow. It also allows users to distinguish between business and personal accounts and to view activity across all accounts. This includes the ability to view transfers initiated by others when multiple profiles have access to an account.
• Flexible Architecture - Enables seamless and tight integration with a financial institution's existing processes and online banking environment.
• Regulation Compliant - Complies with all applicable regulations, including Regulation E, NACHA, GLB, FCRA and U.S. Patriot Act.
• Comprehensive Risk Management - Provides access to best-of-breed risk management tools and databases and also includes new options for enhanced tracking and risk monitoring including the ability to set up unique qualification rules and limits.

Benefits to Financial Institutions

• Increased opportunity to capture assets
• New transaction-based revenue
• Enhanced risk monitoring capabilities tailored for small businesses
• Greater ROI from online channel
• Enhanced offering to attract new profitable small business customers
• Increased cross-sell and marketing opportunities
• Increased customer satisfaction

Benefits to Small Business Customers

• Simple transfers between accounts, including the ability to easily transfer funds between personal and business accounts as well as across business accounts
• Improved overall cash flow management
• Streamlined cash management processes across branches and divisions
• Multiple transfer speeds, including next-day transfers for urgent business cash flow needs
• Superior user interface
• Faster and more cost effective than paper checks and physical deposits
• Added visibility and security over money movement across accounts
• Convenience of scheduling one time, recurring or future-dated transfers

Additional Information