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Payveris and CUProdigy Partner to Deliver Credit Union Clients Next Generation Digital Payment Capabilities

WETHERSFIELD, Conn., Sept. 8, 2014 (GLOBE NEWSWIRE) -- Payveris™, a next generation online and mobile digital payments company offering a full range of bill payment, money movement and interbank transfer solutions which innovatively brings together financial institutions, consumers and merchants within the digital payments process and CUProdigy, a CUSO provider of a comprehensive core processing platform that puts the member experience first, have announced a partnership to work together to provide digital payments to CUProdigy's member credit unions. The partnership will leverage Payveris' modular, API driven digital payments platform to further strengthen CUProdigy's modern browser-based core banking system and provide member credit unions a competitive edge in the marketplace.

"CUProdigy takes great pride in the close relationships that we have fostered with our credit unions." said Craig Peterson, Director of Client Services for CUProdigy. "We continually evaluate what is going on in the industry in terms of technology offerings that can help our credit unions to better compete and be more efficient. In deciding to partner with Payveris, we were impressed not only by the payments technology that Payveris brings to the table, but by the team at Payveris and their dedication to helping credit unions to succeed."

Payveris' cloud-based digital payments platform allows for more secure, faster and less expensive payment transactions with less risk of error. This single platform approach provides for a more integrated payment offering that creates a better overall and streamlined user experience than what is currently available in the market today.

CUProdigy encompasses every core processor action, from new member signup to best in class disaster recovery without seat license costs, client software installation, or demanding hardware requirements.

"We are excited about this partnership with CUProdigy. As a CUSO, they are fully dedicated to providing their credit unions with the best in technology so that they can better serve their members growing financial services needs", said Payveris President Fran Duggan. "Both of our organizations are service oriented and dedicated to helping credit unions to compete in an ever changing and competitive marketplace. We look forward to working together to deliver a cost effective, robust and secure digital payments experience to their credit unions and their members."

CUProdigy will be introducing the Payveris team at their upcoming Annual Meeting being held in Orlando, FL from Sept. 9th – 14th.

About CUProdigy

CUProdigy is a credit union core software CUSO, formed in 1991 as Credit Union Data Processing, Inc. (CUDP). The group's eponymous core software product, CUProdigy, is made up of the very latest in browser-based technology. With its modern architecture and full feature list, CUProdigy is changing the way credit unions operate while redefining the core software industry.

To learn more, visit www.cuprodigy.com. Media representatives, contact CUProdigy's Director of Client Services, Craig Petersen, at 801-335-5084 or at craig@cuprodigy.com for more information.

About Payveris, LLC

Payveris is a next generation digital online and mobile payment company offering full service online bill pay, 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 API's enables partners and financial institutions to deliver a more integrated and customized solution with a lower cost to serve. Payveris' innovative digital payments platform combined with its "white label" business model provides 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.

CONTACT: Marvin (Mickey) Goldwasser Payveris mgoldwasser@payveris.com Craig Petersen CUProdigy craig@cuprodigy.com

Source: Payveris