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CashEdge online transfers up 300
NEW YORK (1/29/08)--CashEdge Inc. transferred more than $38 billion through its money movement solutions in 2007, a 300% increase over 2006. “We are transferring tens of millions of dollars each day,” said CashEdge CEO Sanjeev Dheer. CashEdge’s money movement solutions include TransferNow and FundNow, which allow transfers between accounts at more than 23,000 financial institutions nationwide. TransferNow automates the verification of held-away accounts, manages risk and moves funds through multiple payment networks. FundNow enables financial institutions to increase their new funding rate by simplifying the account funding process. CashEdge provides online financial applications to financial institutions, including credit unions.


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