ROCKY HILL, Conn.–Payveris, a provider of next generation API centric digital payment solutions, said the $2.5 billion New York-based Municipal Credit Union (MCU) has selected and launched its’ digital payments platform to support its digital payment and money movement strategy. MCU selected Payveris’ digital payments platform for its complete line of services including consumer bill pay, business bill pay, external or account-to-account transfers, P2P and digital commerce. MCU will integrate the Payveris digital payments platform into all its digital channels, including desktop, tablet and mobile devices, the company said.
"Payveris’ cloud-based open API digital payments platform will enable MCU to not only enhance their member experience for traditional digital payment services like bill payment and P2P transfers, but the platform will also position MCU for the future of digital payments, enabling MCU to easily extend its payment and money movement services into other internal or external third party Fintech applications," according to the company.
The payments platform will be implemented as a white label solution that is fully integrated directly into MCU’s digital banking platform, Wescom Resources Group, and its core system, Symitar.
“We found the Payveris digital payments platform to be the most comprehensive payments solution on the market,” said Michael Mattone, vice president of public relations and corporate communications of Municipal Credit Union, in a statement. “The platform is very flexible and designed to accommodate innovation, which helps us stay ahead of consumer demand for new payments services.”
“We designed our payments platform to empower financial institutions to take greater control of their destiny and how they deliver digital payments to their customers and members. Our API will enable Municipal CU to enhance and extend digital payments as they see fit for their members,” added Jeff Weikert, president of Payveris, in a statement. “We are honored that a credit union that places such a high priority on its members’ experience has selected our platform.”
Through its suite of open APIs and widgets, Payveris provides financial institutions and their Fintech partners with unlimited control, extensibility and flexibility of the digital payments and money movement user experience across any digital channel or application, enabling money to be moved to anyone, anywhere, anytime and with any device.