EFD eXpress Accounts

Providing a seamless, single-session online account opening process not only makes for more satisfied account-holders, it makes for more of them. Studies have shown that more involved online account opening process result in higher abandonment rates. EFD eXpress Accounts is a turnkey solution for online account opening that incorporates the strength of the EFD New Account Decisioning Solutions into an online account opening interface that has been designed around the satisfaction of the user.

Incorporating automated decisioning and account funding into a singe experience and leveraging automated cross sell and product offers, EFD eXpress Accounts has been shown to result in decreased abandonment rates and increased satisfaction through instant account fulfillment.

While EFD eXpress Account is a turnkey solution, it incorporates a high level of flexibility for both the financial institution and the account applicant. Financial institutions using EFD eXpress Accounts can:

-Set risk and fraud parameters in line with institutional risk tolerance
-Define cross sell and product offer criteria
-Automate placement of holds and fund access on newly funded accounts
-Leverage the strength of their brand though customized user interfaces

Your account applicants have the ability to:

-Immediately know whether their application is approved
-Select multiple products and options
-Fund their account from a variety of sources
-Order checks and debit cards

And, most importantly, approved account applicants can start using their new account immediately.