Financial Services Industry
Industry: Email Alert RSS FeedCashEdge Is Granted Patent
Credit Union Journal, The, February, 2008
CashEdge has been awarded a U.S. Patent for its method of executing an electronic funds transfer, which allows individuals to transfer funds between accounts housed at different financial institutions and to fund new accounts. The method allows for the use of a third-party financial management system to withdraw assets from an account at one financial institution, and to deposit those funds into a second account at another financial institution.
CashEdge said the patent lays the foundation for its next generation payment platform, which allows funds transfers across multiple payment networks.
(c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved.
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