WETHERSFIELD, Conn. (1/28/15)--Payveris, an online and mobile digital payments company, and Michigan-based credit union service organization CU*Answers have partnered to to provide online banking and payment services to credit unions.
Payveris offers a full range of bill payment, money movement and interbank transfer solutions.
In addition, CU*Answers has made a financial investment into privately held Payveris.
CU*Answers provides data processing solutions and technical, marketing and educational services to nearly 200 credit unions nationwide.
"Some people might think our commitment to this investment and partnership is simply a bill pay vendor adjustment, but that would be a mistake," said CU*Answers CEO Randy Karnes. "CU*Answers wants to position its networks and owner-client credit unions right in the middle of the payment system revolution, and that takes creative partners and creative solutions. This announcement signals our full commitment to that, and links our network to a new creative-force-to-be in the future of member directed payments."
Payveris' utilizes a single, cloud-based platform that offers digital payment and money movement, including bill pay, money transfer and person-to-person payments.
Throughout the past year, both the CU*Answers and Payveris development teams have been collaborating to deliver native bill pay functionality within CU*Answers' "It's Me 247" online and mobile banking offerings. CU*Answers will be introducing this offering to their client credit unions over the coming year.