Today’s tech-savvy consumers expect financial institutions to provide an integrated experience across channels, with greater access to financial information, payments, and commerce capabilities. Research has shown that, to most, having a single location to manage their money is important.

To address this, First Data Corporation has signed an agreement with Utah-based MoneyDesktop, Inc. to integrate its personal financial management tool into First Data Online Banking (also known as FundsXpress fx eBanking), with the latest PFM technology.

The PFM tool includes account aggregation from more than 10,000 financial institutions as well as budgeting and debt management tools to help financial-institution customers manage all their financial accounts in one place—and make better-informed decisions. It will be available to First Data Online Banking customers beginning in third-quarter 2012.

 

 

[This article was posted on May 29, 2012, on the website of ABA Banking Journal, www.ababj.com.]      

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