Principal Bank has chosen CashEdge, a provider of online financial solutions, to facilitate easy online money transactions between different institutions.
Apart from being able to transfer money on a one-time or recurring basis, CashEdge’s solution TransferNow will enable users to transfer funds easily between their accounts at various locations.
CashEdge CEO Sanjeev Dheer said: We are pleased to have been selected by Principal Bank to power their online money movement solution. The addition of our inter-institution transfer functionality is a natural extension of Principal Bank’s online banking channel. We are confident that the added utility this technology delivers will result in even greater customer usage of their online payments suite.
Art Bacci, president of Principal Bank, said: CashEdge’s technology is an important part of our online payments suite. Principal Bank strives to provide our customer with the best available online banking solutions. By empowering our customers to securely move money between their accounts, and to and from individuals, we are adding greater convenience and efficiency to their online banking experience.