Electronic Money Movement

Scivantage Electronic Money Movement is a real-time account funding solution that automates the cash transfer process between financial institutions providing a more efficient, easier way to move money between bank and brokerage accounts. Electronic Money Movement empowers your customers to easily manage their cash balances, and enables them to move funds between accounts — encouraging them to stay in the electronic channel. With Electronic Money Movement firms can create customer ACH profiles; edit and verify bank account information, and initiate, verify and check status of money transfers, check requests, automated funds transfers and periodic payments

Key Advantages

• Comprehensive money movement options: ACH, transfers, wires, check requests
• Supports on demand, recurring or periodic transfers
• Utilize instant account and identity verification to reduce the risk of fraud or identity theft
• Full workflow system with complete audit trail to better monitor exceptions and manage overall relationship

When combined with Scivantage's Account Opening & Maintenance application, Scivantage Electronic Money Movement makes it easy to grow online relationships and improves the likelihood that new accounts will be funded.