Backbase and Payveris Partner to Offer Seamless Money Movement Capabilities

Payveris will deliver its modular suite of payment API’s via the Backbase Open Banking Marketplace to enhance Backbase’s Money Movement capabilities

07 APRIL 2015, NEW YORK, NY / WETHERSFIELD, CT
Summary
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 DBP omni-channel digital banking platform. Payveris will become part of the Backbase Open Banking Marketplace; giving Backbase DBP customers the option to choose between best of breed FinTech providers like Payveris when they switch to Backbase DBP 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 DBP 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”.

About Backbase

Backbase delivers Backbase DBP the omni-channel digital banking platform optimized for retail banking, commercial banking, and wealth management.

Industry analysts Gartner and Forrester recognize Backbase for their customer experience management and omni-channel delivery capabilities. At the same time Backbase is named by Ovum as market leader in delivering next-generation digital banking solutions.

Backbase’s unique approach enables FI’s to drive self-service, fuel online revenues and turn their online presence into a full-service customer experience platform. Global FI’s such as ABN AMRO Bank, Al Rajhi Bank, Barclays, Fidelity, GE, Bank Hapoalim, Hiscox, ING, Legal & General, Nationwide, Nordstrom, OTP Bank, PostFinance, PZU, Sberbank, and SwissCard have all improved their online customer interactions and maximized online customer experience, retention and conversion, by leveraging Backbase’s technology.

Backbase was founded in 2003 and is privately funded with operations in New York, Atlanta, Amsterdam, and London. For more info about Backbase see http://www.backbase.com

About Payveris, LLC

Payveris is a proven next generation provider of digital payment solutions with a focus on keeping financial institutions at the heart of the digital payments eco-system. Payveris’ single integrated platform offers full service online/mobile bill pay, P2P money movement and interbank transfer solutions for financial institutions, service providers and merchants. The company’s secure cloud-based platform, advanced technologies and full suite of APIs enable partners and financial institutions to deliver a more cost effective, secure, integrated and customized solution.

Payveris’ innovative digital payments platform and PayItNow Network combined with its “white label” business model offers core processors, online and mobile banking providers and other providers of remote banking services a powerful solution for their financial services clients.

For more information about Payveris and its Digital Payment solutions, contact Mickey Goldwasser at 860.372.4105, via email at mgoldwasser@payveris.com or visit www.payveris.com.

Quotes
"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. 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." Jeff Weikert, President at Payveris.
"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. 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." Jouk Pleiter, CEO & Co-Founder of Backbase
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About Backbase

Backbase is a fast growing fintech software provider that empowers financial institutions to accelerate their digital transformation and effectively compete in a digital-first world.

We are the creators of the Backbase Omni-Channel Banking Platform, a state-of-the-art digital banking software solution that unifies data and functionality from traditional core systems and new fintech players into a seamless digital customer experience. We give financials the speed and flexibility to create and manage seamless customer experiences across any device, and deliver measurable business results. We believe that superior digital experiences are essential to stay relevant, and our software enables financials to rapidly grow their digital business.

More than 80 large financials around the world have standardized on the Backbase platform to streamline their digital self-service and online sales operations across all digital touchpoints. Our customer base includes Al Rajhi Bank, ABN AMRO, Barclays, CheBanca!, Credit Suisse, Fidelity, Hapoalim, HDFC, Hiscox, ING, KeyBank, Legal & General, NBAD, OTP, PZU, PostFinance, Societe Generale de Banque au Liban and Westpac.

Industry analysts Gartner, Forrester and Ovum recognize Backbase as an industry leader in terms of omni-channel banking platform capabilities, and award the company high marks for its deep focus on customer experience management and unparalleled speed of implementation. Forrester named us a leader in the Forrester Wave for Omni-Channel Banking.

Backbase was founded in 2003, is privately funded, with headquarters in Amsterdam (HQ Global) and Atlanta (HQ Americas) and regional operations in London, Mumbai and Singapore.

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