CashEdge Technology Powers Top Online Banking Innovations Of 2003.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--Feb. 10, 2004 Online Money Movement and 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. Services Contribute to Online Banking Report Awards for Online Resources' MoneyHQ and Citibank's Account-to-Account Transfers CashEdge, (www.cashedge.com) a provider of secure Online Money Movement and Advanced Account Aggregation platforms, is pleased to announce today that clients Online Resources and Citibank have been recognized by Online Banking Report as delivering two of the top ten innovations of 2003. The recognized services, Online Resources' MoneyHQ and Citibank's Account-to-Account, are delivered by CashEdge as part of an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. that includes front and back-end applications, transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and complete risk management. "CashEdge can take credit for delivering the technologies behind several of 2003's most impressive innovations," said Jim Bruene, editor and founder of Online Banking Report. "Through Money HQ's creative package of premium services and Citibank's launch of the first A2A A2A Access to Archives (UK) A2A Application to Application A2A Air-To-Air (weapon) A2A Administration-to-Administration A2A Any to Any service from a major U.S. bank, CashEdge is playing an important behind-the-scenes role in the evolution of online banking." The new Money HQ service, which was recognized as the innovation of the year for 2003, was praised for leveraging technology from CashEdge to combine financial account aggregation, account-to-account (A2A) transfers, bill presentment See EBPP. , person-to-person (P2P See peer-to-peer and point-to-point. ) payments, and balance and eBill alerts. Money HQ is currently being rolled out to Online Resources' 600 plus financial institution clients. Citibank was again honored for its new A2A offering, which has been repeatedly recognized since its launch in the fall of 2003. Earlier this year the service, coupled with other technology enhancements, earned Citibank Forbes' Best of the Web ranking, and the #1 position according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Gomez's latest Scorecard: "Top Internet Sites for Q4 2003." Gomez Scorecards measure the quality of online financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. offerings, ease of use, customer confidence, onsite resources, relationship services and overall cost. "We are thrilled that our partnerships with Citibank and Online Resources have yielded such fruitful results, and had such a valuable impact on the online banking community," said Sanjeev Dheer, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CashEdge. "CashEdge has dedicated itself to delivering the most advanced, state-of-the-art solutions to our partners. The recognition that we have helped to power some of the top innovations available in the industry today is a tremendous endorsement of our technology." About Online Banking Report Online Banking Report is a 100 percent subscriber-supported, widely read financial-services-industry newsletter that features independent research, statistics, and profit-making tactics for Web banking, electronic payments, and Internet lending. Financial Insite independently publishes the monthly newsletter, which has subscribers in 50 countries. For more information, visit www.onlinebankingreport.com.) About CashEdge CashEdge(R) provides infrastructure that global financial institutions rely on to extend their online channels and enhance customer profitability. CashEdge delivers secure Online Money Movement and Advanced Account Aggregation platforms that power specialized retail banking and wealth management applications. These proven solutions enable CashEdge's clients to create compelling online offerings that attract new assets, generate revenues, and reduce costs. CashEdge clients include more than 85 top-tier financial institutions. 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. For more information, please visit our Web site at www.cashedge.com. |
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