CashEdge, a provider of payment solution for financial institutions, has announced that Cincinnati-based Fifth Third Bank has adopted its TransferNow Me-to-Me Transfers, an online money movement solution.
Reportedly, the online funds transfer solution enables consumers to transfer funds between accounts they own that are held at more than 23,000 banks, credit unions and brokerages via the ACH network.
Anthony Sperelakis, vice president of alternative delivery for Fifth Third Bank, said: “We are very pleased to offer our customers the ability to easily and securely move their money between other financial institutions and their Fifth Third Bank deposit accounts. CashEdge’s TransferNow solution allows us to offer our customers the latest in online money movement functionality.”
Neil Platt, senior vice president and general manager, banking, of CashEdge, said: “With the TransferNow Product Suite, financial institutions can continue to increase their share of the 18 billion consumer-to-consumer transactions that take place each year with a solution that is also easy for customers to adopt and navigate – a win/win for banks and consumers.”
