Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CashEdge awarded funds transfer transaction patent
NEW YORK (2/13/08)--CashEdge received a patent for a funds-transfer method that allows individuals to transfer funds between their accounts hosted at different financial institutions. It also can fund new accounts at new financial institutions. Under the patent, a third party financial management system can withdraw assets from an account at one financial institution and deposit the assets into a second account at a second financial institution. A debit instruction initiates the withdrawal and a credit instruction initiates the deposit. “The patent lays the groundwork for our next generation payment platform that enables transfers across multiple payment networks,” said CashEdge Vice President of Marketing Jeremy Sokolic. CashEdge provides financial applications to financial institutions, including credit unions.


RSS print
News Now LiveWire
.@CUNA News Now wants to hear from readers. Pls take our readership survey. Here: http://t.co/ZbCaM20ONH
41 minutes ago
RT @TheNCUA: #creditunions last chance to register for our merger's webinar - happening TODAY @ 2pm http://t.co/blvRXa3em1
44 minutes ago
Static PPI may stall @federalreserve policy movement #Market #NewsNow http://t.co/TylvvD6HEn
2 hours ago
Former NFL player Merrill Hoge and CNN hero Chad Pregracke will headline @icul 's Iowa #CreditUnion Convention this week.
2 hours ago
.@MIBizNetwork interviews @MICreditUnions's Adams on state of #creditunions http://t.co/T6ENMSDR09
2 hours ago