Backbase and Payveris Partner to Offer Seamless Money Movement Capabilities

WETHERSFIELD, Conn., April 7, 2015 (GLOBE NEWSWIRE) -- 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".

About Backbase

Backbase delivers Backbase Engage the omni-channel digital banking solution 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 visit www.backbase.com or contact Jelmer de Jong, Global Head of Marketing at Jelmer@backbase.com or +31 6 230 260 12

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.

CONTACT: Marvin (Mickey) Goldwasser Payveris mgoldwasser@payveris.com

Source: Payveris