ADVERTISEMENT

Principal Bank partners with CashEdge for online money transfer

Retail

CashEdge TransferNow technology changes the way bank customers bank online.

CashEdge, a provider of online financial applications, today announced that it has been selected by Principal Bank, a member of the Principal Financial Group®, to augment its online channel with inter-institution transfer technology. CashEdge’s online money movement solution permits end-users to transfer funds back and forth between their primary account and their accounts at other institutions, and also to send money electronically to friends, colleagues and businesses on a one-time or recurring basis.

„We are pleased to have been selected by Principal Bank to power their online money movement solution,” said CashEdge CEO Sanjeev Dheer. „The addition of our inter-institution transfer functionality is a natural extension of Principal Bank’s online banking channel. We are confident that the added utility this technology delivers will result in even greater customer usage of their online payments suite.”

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.” TransferNow is available for both banks and credit unions as a stand-alone solution or as part of CashEdge's comprehensive Bank Suite and Credit Union Suite. (bobsguide)

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.