Jeffrey Weikert Named President of Payveris

November 10, 2014

Financial Industry Veteran to Lead Digital Payments Company

WETHERSFIELD, Conn., November 10, 2014 – Payveris™, a next generation online and mobile digital payments company offering a full range of bill payment, money movement and interbank transfer solutions to banks and credit unions throughout the United States, has announced the addition of industry veteran, Jeffrey Weikert as President of Payveris. In this role, he will report to Payveris’ Board of Directors and will be responsible for all aspects of Payveris’ growing digital payment enterprise, growth objectives and strategic direction. He will also focus on Payveris’ customer facing side of the business – sales, client development and marketing as the company moves into its’ next phase of growth.

Payveris Founder, Fran Duggan will be taking on the newly created role of Chief Operating Officer and will be responsible for overseeing Payveris’ product vision and development, operations and client services teams. Adding Weikert to the team will further enable Duggan to concentrate his efforts on continuous innovation, product enhancement and exceeding customer expectations.

Payveris’ cloud-based digital payments platform capitalizes on the value of a single platform that offers a seamless digital payment and money movement experience whether it’s paying a bill, transferring between financial accounts or paying a friend or merchant.

“As Payveris continues to gain momentum and serve the changing payment needs of the industry, we continue to structure our organization and to strategically manage our growth. With this in mind, Jeff’s extensive experience and reputation in the industry will be a tremendous asset to our company and strengthen an already strong team,” said Duggan, Founder of Payveris. “On behalf of the board, senior management and our entire team at Payveris, I would like to welcome Jeff to the team. All of us are looking forward to working together with him as we  continue to grow the company, execute our vision and dedicate the resources to better serve our partners, clients and the financial services industry in general.”

Weikert joins Payveris from Deluxe Corporation where he served as Vice President responsible for targeted sales efforts focusing on select Marketing and Other Services (MOS) solutions for financial institutions in the United States. As an industry veteran and in the payments space in particular, he is known for his ability to grow revenue by creating meaningful partnerships with financial institution clients and providers. His time spent at CheckFree (now part of Fiserv) during the mainstream adoption of electronic billing and payments by consumers provides Weikert with a unique perspective on what it takes for financial institutions to be successful. He has spent 30 years in the financial services and technology industry in a variety of senior and executive roles at notable firms such as Deloitte & Touche, Bank of America, SunTrust, CheckFree and RewardsNOW as well as innovative payment start-up, Verient.

This addition also complements a move that Payveris made earlier in the year to bring in payments veteran Marcell King to head up Payveris’ merchant solutions offering. Adding a digital commerce solution is an initiative to accelerate the company’s vision of completing the connection that brings together financial institutions, consumers and merchants within the digital payments process.

Commenting on his new position, Weikert said, “I am very impressed with the focus that Payveris has placed on helping the financial services industry. They have a great story to tell of an innovative company truly focused on the financial services industry and one committed to making a difference for their partners and clients. They have developed an innovative digital payments platform that allows for more secure, faster and less expensive payment transactions with less risk of error. It’s an approach that provides for a more integrated payment process that creates a better overall and more streamlined user experience than what is currently available in the market today. I look forward to my new role, leading this team of dedicated professionals and contributing to the company’s continued success and future growth.”