WETHERSFIELD, Conn. (3/3/15)--Malauzai Software, a provider of mobile and Internet banking SmartApps for community financial institutions, has partnered with digital payments services provider Payveris to offer payments services.
The two companies have created a core-neutral integration between Malauzai's SmartApps and Payveris' bill pay, account-to-account transfer, and person-to-person (P2P) payments via Payveris' PayItNow network. The integration places P2P functionality directly into the mobile banking SmartApp and enables credit union members to securely conduct payments via email or text message using a security challenge question.
In January, Payveris partnered with the Grand Rapids, Mich.-based credit union service organization CU*Answers to provide online banking and payment services to credit unions (News Now Jan. 28). Through that partnership, CU*Answers made a financial investment into privately held Payveris.