Backbase, the omni-channel digital banking vendor and Payveris, a provider of next generation digital payment solutions, today announced a new partnership to enhance Backbase's Money Movement capabilities.
As part of the partnership agreement, Backbase will leverage Payveris’ payment API to offer seamless Money Movement features within the Backbase Engage omni-channel digital banking platform. Payveris will become part of the Backbase Open Banking Marketplace; giving Backbase Engage customers the option to choose between best of breed FinTech providers like Payveris when they switch to Backbase Engage as their digital banking solution.
Payveris offers a single digital payments platform that facilitates electronic bill pay, account-to-account (A2A) and person-to-person (P2P) money movement services. Backbase Engage consumes these services to create an agnostic money movement experience that combines with a social address book to create an intuitive next generation user experience allowing money to be moved to anyone, anytime, anywhere, and on any channel.
“At Payveris, our mission is to provide innovative digital payment solutions that enable FI’s to better compete and remain at the center of commerce. We do this by delivering financial institutions a single platform that offers the best digital payment and money movement experience whether it’s paying a bill, transferring between financial accounts or paying a friend or business,” said Jeff Weikert, President at Payveris. “Backbase delivers a beautiful digital banking solution that focuses heavily on the customer experience and omni-channel delivery. By adding Payveris’ payment capabilities both our organizations will create a truly next-gen digital banking experience for banks and credit unions”.
“Offering a seamless money movement experience and giving our FI customers the freedom of choice between multiple payment solution providers is essential in our Open Banking vision,” said Jouk Pleiter, CEO & Co-Founder of Backbase. “By adding Payveris to our Open Banking Marketplace and enabling their API in our Money Movement capabilities we deliver on both: a seamless customer experience and freedom for FI’s to work with an innovative provider without being stuck with a one-size-fits all legacy provider”.