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Bank of the West Deploys Online Funds Transfers Platform From CashEdge

Enables the bank to offer me-to-me transfers and third party transfers

CashEdge, a provider of Intelligent Money Movement products for financial institutions, has announced that Bank of the West, has launched its online funds transfer solution for its banking customers.

Reportedly, the TransferNow product suite provides a single point of access for multiple easy-to-use consumer transfer routes, including me-to-me transfers and third party transfers. These transfer routes enable banks and credit unions to offer their customers secure funds transfer services for inter-institution transfers between their own accounts or directly to third parties.

Matthew Macomber, EVP and internet channel banking executive for Bank of the West, said: “Today, consumers want and need a fast, convenient, and secure solution for online funds transfers and CashEdge’s TransferNow solution enables us to meet this demand and improve customer satisfaction. Now with CashEdge’s online account opening and funding solution and the online funds transfer service, we can offer our customers the comprehensive tools they need to manage their money online and meet the increasing demand for online person-to-person payments.”

Neil Platt, senior vice president and general manager of banking at CashEdge, said: “Bank of the West continues to enhance its online financial platform for customers who have demonstrated a need for quick, easy and secure account opening, funding and transfer solutions.”