Payveris campaign aims to provide free P2P payments to financial institutions

Source: Payveris

Payveris(TM), a next generation online and mobile digital payments company announced today, that as part of its ongoing efforts to unite with banks and credit unions to keep them at the center of the digital payments process, it will be offering its person-to-person (P2P) "SEND CASH" service via its PayItNow(TM) Network for free to institutions and industry partners that sign onto the service within the next 90 days.

Payveris offers a full range of bill payment, money movement and interbank transfer solutions including P2P payments which innovatively brings together financial institutions, consumers and businesses within the digital payment process.

"SEND CASH" enables customers or members to conveniently and electronically send money from their bank or credit union account to anyone's account at another financial institution via the web, smart phone or tablet using only the recipient's email or mobile number. PayItNow is Payveris' innovative Financial Institution-centric network designed to facilitate P2P transactions easily, securely, conveniently and quickly to anyone from any device, anywhere and at any time.

"For far too long banks and credit unions have been running the risk of being disintermediated out of the primary role that they have traditionally played as the facilitator of commerce," said Jeff Weikert, President of Payveris. "From its very founding Payveris has been focused on providing the types of payment solutions that enable banks and credit unions for the digital age. P2P is a fast and simple way for people to send cash digitally directly to others using a mobile phone number or email address. It is an offering that can make a real difference for financial institutions seeking to compete against the slew of non-financial institution payment offerings that have entered the banking marketplace. We believe so strongly in the fundamental role that banks and credit unions play in the payments process and the importance of P2P in their continued success that we decided to unite together with FIs through this Go Free P2P campaign." 

One of the first institutions to take advantage of this program is Greenwich, Connecticut-based Fieldpoint Private Bank, who specializes in personalized wealth planning and private banking services. 

"Payveris' P2P solution makes it simple for our clients to move money without having to pre-register or fear their data will be used to market additional products and services," said John Fitzpatrick, Chief Operating Officer of Fieldpoint Private.

Payveris' cloud-based digital payments platform capitalizes on the value of a single platform that offers a seamless digital payment and money movement experience whether it's paying a bill, transferring between financial accounts or paying a friend or merchant.

The Go Free P2P campaign is set to run for the next 90 days.

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