eWise and Affirmative form payments partnership

Source: eWise

eWise, a payments and online financial management solutions provider, announced today that it has partnered with Affirmative Technologies to accelerate the adoption of new payment alternatives for merchants, financial institutions and billers.

Through this agreement, both companies will provide their customers with new, integrated payment technology solutions that are scalable, customized, and secure.

Affirmative Technologies' ACHNow and ACH Risk Manager will be integrated with Secure Vault Payments, made available through a partnership between eWise and NACHA. This integration taps into the core competency of eWise's payment technology to deliver alternative payment solutions in a more streamlined and secure way.

"Bringing new payment solutions to market can be a daunting task. Through this partnership with eWise, we are simplifying the implementation process and adding value for our customers at the same time," said George Bassous, Chief Executive Officer/Chief Technology Officer of Affirmative Technologies. "By integrating our respective technologies, we are able to offer our customers a one-stop shop for their payment needs, creating increased efficiency and economies of scale."

ACHNow is a merchant front-end electronic payment data entry and consumer initiated payment presentment application that electronically submits transactions for payment through the ACH Network. ACH Risk Manager is a multifaceted ACH File Risk Management application designed to manage critical risk factors affecting financial institutions' daily ACH operations.

Secure Vault Payments gives businesses the only online payment option that provides real-time authorization of funds and guaranteed payments for ACH transactions at costs typically lower than traditional and other alternative payment methods. It is also the only payment option that offers consumers online payment choice without sharing any personal account information.

"The payments industry is rapidly evolving and companies must adapt and innovate in order to remain competitive," said Alex Grinberg, CEO of eWise. "With Affirmative Technologies, we are able to employ our rapid implementation strategy to get financial institutions, merchants and billers up and running with alternative payment solutions more quickly and efficiently."

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