Advancial Federal Credit Union Partners With CashEdge to Deliver Next-Generation Online Money Movement Capabilities.Business Editors Advancial Federal Credit Union (www.advancial.org), a Top 200 U.S. credit union, announced today a partnership with CashEdge (www.cashedge.com), a provider of secure online money movement and advanced account aggregation Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. platforms, to enhance its online services with inter-institution transfer and person-to-person payment technologies. These latest efinance developments enable Advancial members to move money quickly and securely between any two accounts at over 23,000 financial institutions, and to send money electronically to friends, family, colleagues, and businesses. Advancial's members will be able to access these tools through Advancial's website at www.advancial.org. This one-step payment solution completely eliminates the need for check writing, empowering members to manage their finances with greater efficiency and control. Person-to-person payments are executed via e-mail, while Inter-institution transfers are executed by simply selecting the initiating and recipient account, and confirming the transfer. "Through our relationship with market leader CashEdge, we are among the first to deliver advanced online money movement technologies. This new online banking capability puts our members at a tremendous advantage by providing them with remote transaction capabilities they need to manage their day-to-day financial needs conveniently," said Brent Sheffield, COO of Advancial. "By processing transfers through the Automated Clearing House See ACH. ("ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to ") network, we are leveraging the same secure process employers use to direct payroll deposits into employees' bank accounts. This empowers our members to use the Internet to transfer money confidently." "Advancial Federal Credit Union is setting a trend through its early adoption of CashEdge's online money movement tools, and we're excited to partner with them to deliver these cutting-edge technologies," said Dilip Venkatachari, president, CashEdge Inc. "As a credit union, the addition of secure, online money movement services creates a win-win for members and for Advancial. Members gain added flexibility with a speedy and convenient online payment option while lowering processing costs for the credit union. We anticipate that other credit unions and banks will be quick to follow Advancial's lead." About CashEdge CashEdge(R) provides infrastructure that global financial institutions rely on to extend their online channels and enhance customer profitability Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person,household or a company that overtime,yields a revenue . CashEdge delivers secure Online Money Movement and Advanced Account Aggregation platforms that power specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. retail banking and advisor applications. These proven solutions enable CashEdge's clients to create compelling online offerings that attract customers, generate revenues, and reduce costs. CashEdge serves top-tier financial institutions around the world including Vanguard Vanguard Any of three unmanned U.S. experimental satellites. Vanguard I (1958), the second U.S. satellite placed in orbit around Earth (after Explorer 1), was a tiny 3.25-lb (1.47-kg) sphere with two radio transmitters. , RBC RBC red blood cell. RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). Financial Group, CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company , TD Canada Trust CT Financial Services Inc. was a financial services holding company that was founded in London, Ontario and later had its headquarters in Toronto, Ontario and operated in Canada through subsidiaries including Canada Trustco Mortgage Company and The Canada Trust Company , Laurentian Bank, and Yahoo! Finance. CashEdge has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Silicon Valley. About Advancial Federal Credit Union Advancial Federal Credit Union has been serving members since 1937. With assets of more than $500 million, Advancial is ranked in the "Top 200" among all federal credit unions in America. Based upon continued growth, Advancial's potential number of members eligible for Credit Union services exceeds 125,000 persons locally, nationally and worldwide. |
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