TITLE

Taking the Paper Out Of Account Transfers

AUTHOR(S)
Fest, Glen
PUB. DATE
June 2008
SOURCE
Bank Technology News;Jun2008, Vol. 21 Issue 6, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
33313305

 

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