Taking the Paper Out Of Account Transfers

Fest, Glen
June 2008
Bank Technology News;Jun2008, Vol. 21 Issue 6, p30
Trade Publication
The article offers information on the account-to-account strategy of banks that counteract the credit crisis. It cites that leading the way in the account-to-account category were big-bank oriented CashEdge Inc. and uMonitor Inc. which serves smaller institutions and credit unions with its uTransfer platform. Jeremy Sokolic, vice president of marketing for CashEdge, estimates that up to seven million consumers use account-to-account services to move funds between their inter-bank accounts.


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