Funds Transfer w/Aggregation by CashEdge, a Digital Insight partner since 2002, integrates comprehensive online account-to-account transfers and person-to-person payments with rich aggregated account information under one simple and secure log-in.

The new Digital Insight offering will enable financial institution end users to more effectively manage their assets and liabilities in one central location, strengthening the financial institution's position as end users' primary financial channel. Funds Transfer w/Aggregation features a dashboard that consolidates summary balance and transaction data from each of the user's aggregated banking, investment, credit card and loan accounts, even if each account is from a different financial institution. End users can transfer funds directly from the dashboard.

"Funds Transfer w/Aggregation will be a great tool to attract and retain sophisticated end-users who might otherwise bank with large national or regional banks," said Alison DeTuncq, president and CEO of University of Virginia Community Credit Union. "Adopting this product is part of an aggressive strategy to keep us ahead of our strongest local competitors by providing more options and flexibility to our members, in addition to improving our operational efficiency. With 27% of our Internet Banking users utilizing Bill Payment, UVACCU leads our peer group, so this is a natural next step."

Digital Insight anticipates Funds Transfer w/Aggregation will significantly benefit its client financial institutions. Digital Insight clients that currently implement Funds Transfer experience more than 70% of all transfers as inbound, a result that creates a 5% average net increase in deposits. These institutions also generate significant fee revenue from outbound or other for-fee transfers.

"Funds Transfer w/Aggregation helps our clients drive retention and increase assets and fee income," said Jeff Stiefler, chairman, president and CEO for Digital Insight. "Digital Insight is committed to leveling the playing field by providing our client financial institutions with the products and services they need to compete and win in the market."

Funds Transfer w/Aggregation is an important part of the Digital Insight consumer Internet Banking suite, which includes bill payment, check imaging, check reorder, and online statements, among other features.