Payveris, a multi-channel provider of next generation digital payment solutions and innovative online and mobile banking software provider Access Softek, today announced a strategic reseller partnership.
Under this partnership Access Softek will introduce Payveris' online and mobile digital payments capabilities to their client base of more than 400 banks and credit unions nationwide.
Payveris offers a full range of bill payment, money movement and interbank transfer solutions which innovatively brings together financial institutions, consumers and businesses within the digital payments process.
Recently, the bill pay industry has seen a great deal of consolidation and large companies are notoriously slow at responsiveness, let alone innovation. This strategic partnership is important because it combines a nimble leading-edge organization with a progressive company that has a long history of innovation. Together, both companies believe they can be more responsive to the changing needs in the financial industry and competitively address the emergence of non-traditional players continually entering the space.
"At Access Softek we are offering a new and superior approach to making online payments via a unified payments interface and Payveris fits into this new and innovative model perfectly," said Chris Doner, CEO of Access Softek. "Our Orpheus' transfers and payments solution is an innovative platform that changes the way banking consumers use online banking. No longer based on how the core system sorts out transfers and payments into their respective transfer channel, this intuitive system is instead based on making the process as simple as possible for users. Based on the accounts the member or customer has and the eligible transfer channels we provide, account holders can move money more easily than ever by simply identifying where the money is coming from and where it's going. Access Softek and Payveris will handle the rest behind the scenes."
While bill pay will be the initial focus of the partnership, the two companies have plans for strikingly original new products in the not-too-distant future. Access Softek and Payveris will work together to capitalize on the value of a single highly secure digital payments platform that facilitates electronic bill pay, account-to-account (A2A) and person-to-person (P2P) money movement services to create a unified user experience which allows for money to be moved to anyone, anywhere and anytime.
"At Payveris, our mission is to provide innovative digital payment solutions that keep banks and credit unions at the center of commerce. We do this by delivering a single platform that offers the most robust digital payment and money movement experience, whether it's paying a bill, transferring between financial accounts or paying a friend or business," commented Payveris President Jeff Weikert. "We are truly excited about partnering with Access Softek, an innovative mobile and online banking company that shares our vision for innovation within the financial services industry and for quickly providing the tools and solutions that enable financial institutions to strategically address the competitive threats in the Fintech space today and in the future."