EWise, a payments and online financial management solutions provider, today announced the addition of Renasant Bank to its growing customer base in the US market.
This partnership will provide Renasant customers the opportunity to access Secure Vault Payments giving them access to newer, more secure alternative payments.
Secure Vault Payments (SVP) is a safe, secure and private online payment network developed by NACHA — The Electronic Payments Association® and eWise, a provider of online payment and personal financial management solutions.
"We are excited to offer an alternative payment to our customers and to be part of the growing SVP network," said Jim Gray, senior vice president and CIO, Renasant Bank. "Through this relationship we can now offer our customers a fast and easy way to make secure payments and manage their online transactions right from their bank account."
SVP is the only online payment system designed specifically for the unique security and convenience requirements of online payments and ecommerce. SVP brings value to consumers, financial institutions and merchants and billers in a closed loop payment chain.
For consumers, SVP is an easy, fast and secure way to make payments or shop online by leveraging their current online banking accounts to make immediate payments without enrolling, registering or sharing any account information.
For merchants and billers, SVP provides real-time authorization with guaranteed payment of ACH transactions at costs typically more cost-effective than existing solutions while lowering risk.
For financial institutions, SVP provides an added measure of consumer protection, encourages the use of online banking and adds a new revenue stream while leveraging the bank's existing online banking infrastructure.
"We are delighted to announce Renasant Bank as a valuable addition to the SVP network," said Alex Grinberg, CEO, eWise. "Secure Vault Payments allows Renasant Bank and their customers to participate in alternative payment types and gives them a competitive advantage in the marketplace, a new revenue source, and ensures greater customer loyalty."