Backbase and Payveris Partner to Offer Seamless Money Movement Capabilities

April 7, 2015

- Payveris will deliver its modular suite of payment API’s via the Backbase Open Banking Marketplace to enhance Backbase’s Money Movement capabilities -

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