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AUSTIN, Texas – Internet solutions firm FundsXpress is getting into the online cash management business. Cash management solutions are key for credit unions to serve business members. To date, Digital Insight has been the most successful in providing an online cash management solution to CUs. FundsXpress has announced the release of fxCash Management Direct. FundsXpress partnered with CashTech Solutions to integrate the browser-based, cash management solution into its service bureau environment. According to FundsXpress, fxCash Management Direct is a customizable application that provides commercial services such as ACH origination, balance reporting, wire transfers, book transfers, stop payments, event notification, positive pay, cash concentration and detailed reporting. FundsXpress president and COO Brent Warrington said the company worked for over a year to deliver a cash management solution delivered in ASP mode. “We’re excited to have launched our new enhanced cash management offering to our installed base of over 515 financial institutions and the initial feedback from our clients has been very positive,” said Warrington.

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