ROCKY HILL, Conn., Oct. 20, 2016– Payveris, the leading provider of a next generation open API, cloud based digital payment and money movement platform for U.S. financial institutions, announces it has partnered with Southington, Conn.-based COCC to offer Payveris’ PayItNow service, which enables community financial institutions to offer consumers person to person (P2P) transfer services.
COCC is a core provider for 130 bank and credit union customers throughout the Northeastern United States. COCC partnered with Payveris to offer COCC clients a turnkey P2P solution that enables consumers at client financial institutions to conveniently move money from person to person. The PayItNow product is implemented as a white label P2P solution that is fully integrated within the existing digital experience of COCC client financial institutions.
Payveris’ P2P service is just one of the several bill payment and money movement applications available through Payveris’ extensive digital money movement and payments platform and application ecosystem. The Payveris unified payments platform supports other use cases such as electronic bill payment, presentment and management, external account transfers and business payments. Financial institutions and their partners or clients can access payment and money movement services through Payveris’ robust suite of APIs and turnkey widgets.
“Partnering with Payveris to offer the PayItNow solution ensures our banks and credit unions can offer a seamless, low friction and easy-to-use, P2P transfer capability,” said Joe Trafton, senior vice president and chief strategic officer at COCC. “The PayItNow P2P solution represents our continued commitment to providing the most advanced technology solutions to financial institutions.”
“We’re very excited about our partnership with COCC. The PayItNow P2P solution is only one use case of Payveris’ unified, open-API digital payments platform designed to enable financial institutions to take control of their customer’s digital banking experience,” said Marcell King, chief revenue officer of Payveris. “We look forward to future opportunities to collaborate with COCC on enhancing their client bank and credit union services.”
Through its digital payments hub and suite of open APIs and widgets, Payveris provides financial institutions and their digital banking partners with enhanced digital payment capabilities, unlimited control and flexibility of the user experience across any digital channel or application, enabling money to be moved to anyone, anywhere, anytime and with any device.
COCC is an award-winning client-owned financial technology company servicing financial institutions throughout the Northeastern United States. Launched in 1967, COCC was founded by its clients. This unique cooperative structure has set COCC apart from the competition and is one of the driving forces behind their success. COCC is the fastest growing financial data processing company in the United States and recognized as a leader in delivering innovation and the quality service financial institutions demand and deserve.
About Payveris, LLC
Rocky Hill, Conn.-based Payveris is a provider of an open API digital payment and money movement platform designed to help financial institutions stay relevant in a digital world. The company’s secure cloud-based platform supports a range of digital payment and money movement services including electronic bill payment, presentment and management, person to person (P2P) transfers, external (A2A) account transfers and business payments all through a single unified platform. The company's advanced technologies, innovative funding model and robust suite of APIs and widgets enable financial institutions to take complete control of the user experience, quickly create innovative new payment experiences, extend payment capabilities into third party applications, accelerate payments and reduce operating costs, allowing them to compete more effectively for today’s digitally connected consumers and businesses. For more information, please visit payveris.com