Payveris was recently featured in Hartford Business journal. Read the full article here.
“Fran Duggan is pulling for small banks. After nearly 25 years in the banking industry, he’s seen the vital role that that community lenders and credit unions play in local towns and cities and the financial system as a whole.
But Duggan said he also sees a challenge: the evolution of mobile banking and payment technologies that are making it more difficult for small banks to meet emerging consumer demands.
Where Duggan, a former head of online banking for Webster Bank, sees a gap, however, he also sees an opportunity.
“Banks were created to facilitate payments, but many small banks, in particular, were behind the times technologically,” he said. “I wanted to help more banks get back into the payment business…”