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D3 Banking Presents Money Movement Innovations at Money 2020
[October 29, 2014]

D3 Banking Presents Money Movement Innovations at Money 2020


OMAHA, Neb. --(Business Wire)--

D3 Banking, the leader in Data Driven DigitalTM banking, will be demonstrating its innovative money movement services at Money 2020 in Las Vegas. The company has introduced a new way for banks and credit unions to approach money movement services- such as account-to-account (A2A) transfers, person-to-person (P2P) payments and bill pay- that returns control of customer data to institutions while lowering the associated costs and creating a better customer experience.

"Our company is focused on addressing an industry-wide problem that exists today: the harsh reality is that most financial institutions have lost control of their digital customers," said Mark Vipond, CEO of D3 Banking. "They've outsourced control of the user's experience, lost control of digital data needed to deepen their customer relationships, and diluted their brand. All the while, the cost and complexity of digital operations continue to grow. The industry needs to stop compounding old issues and look at services such as money movement from a fresh and simple perspective. At Money 2020, we will be showing how our product turns an old paradigm on its head."

D3 Banking's single platform provides a comprehensive set of data driven digital banking services that can be delivered to any digital device - laptops, smartphones, tablets, even wearables. It enables financial institutions to control the user experience for all money movement functions and manage costs through alternative routing algorithms. Customers and members can focus on what they most care about when moving funds: who, how much and when. This new process gives financial institutions access to money movement data, allowing them to predict future cash flow and sfe-to-spend information for consumers, which can strengthen the advisory role of the FIs.



"The manner in which money movement services are delivered by most third party providers means customers and members have to know the difference between a bill payment, a transfer or a P2P payment and then move from one page to another to complete the transaction," said Kevin O'Kane, product officer at D3 Banking. "It is like UPS asking me if I want to use a plane, boat, truck or train to deliver my package and then having me schedule everything from pick up to drop off. I don't care how my UPS package gets there. I just want it safely delivered by a certain time. Our innovations in money movement allow banks and credit unions to deliver funds in an intuitive, safe and convenient manner."

The D3 Banking platform uses contextual actions to simplify the user's interaction. Customers can schedule A2A and P2P transfers and pay bills from their main digital banking dashboard where their accounts, balances and recent transactions are presented. In addition, an institution can offer its customers expedited payment options and disclose the fees associated with those options, if any. For a quick snapshot of payment activities, customers have access to a graphical representation of their past and scheduled transactions along with the impact of those transactions on their cash flow. With this cash flow information and D3 Banking's predictive capabilities, institutions can alert customers to potential low-balance issues.


About Money 20/20

Money 20/20 is the world's largest event enabling payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 7,000 attendees, including more than 600 CEOs, from over 2,250 companies and 60 countries, Money 20/20 is critical to realizing the vision of ways in which consumers and businesses manage, spend and borrow money. The next Money 20/20 will be held on Nov. 2-5, 2014 in Las Vegas, and will be preceded by the Money 20/20 Hackathon, which runs Nov. 1-2. To learn more about Money 20/20, visit www.money2020.com.

About D3 Banking

D3 Banking reduces the cost and complexity of digital banking by providing an omnichannel platform that can be accessed via laptops, smartphones, and tablets. The company provides responsive web design in a transactional environment to deliver a consistent user experience anytime, anywhere, on any device. Its Data Driven Digital™ banking leverages a powerful analytics engine that allows financial institutions to personalize their product and service offerings for each unique customer. More than 225 institutions in the United States use products and solutions from D3 Banking. Learn more about the company at www.d3banking.com.


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