Sanchez Launch Cash Management Account Solution for Investment Community. Pago Electrónico :: e-Payment

Sanchez Launch Cash Management Account Solution for Investment Community


Fecha Martes, junio 17 @ 10:03:49
Tema Pago Electrónico :: e-Payment


Sanchez Computer has launched Sanchez CMAx, an outsourced cash management account (CMA) solution that enables brokerage firms to quickly and affordably offer FDIC-insured banking services, without securing a bank charter or paying excessive agency bank fees.
Sanchez CMAx is provided on a "white label" basis through Sanchez Data Systems, Inc. (SDSI), the company's outsourcing division, and is managed from Sanchez's state-of-the-art data processing and operations center in Seven Fields, Pa. Through SDSI, non-bank institutions can offer banking services under a third-party's existing bank charter. Harnessing the power of Sanchez's comprehensive suite of software solutions for the financial services industry, SDSI provides a complete set of end-to-end outsourced technology and services needed to manage a banking system -- from the front-end services such as Web presentation, account origination, and check production to the back-end operations, including transaction processing, check clearing, and statement processing.

With the Sanchez CMAx solution, customers can consolidate their investments with their day-to-day cash flows. CMAx enables brokerage firms to offer any combination of multi-channel banking and securities products and services, including, checking, savings, borrowing, and retirements accounts; ATM cash access; direct deposit; FDIC-insured instruments; debit cards; and a full array of investment options.

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