New York- and Amsterdam-based digital banking vendor Backbase and Wethersfield, Conn.-based online and mobile digital payments company Payveris announced a partnership that will enhance Backbase's money movement capabilities. Payveris provides integrated payment solutions to banks and credit unions.

As part of the partnership agreement, Backbase will leverage Payveris' payment API to offer 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 best-in-breed FinTech providers such as Payveris when they switch to Backbase Engage as their digital banking solution, the companies said.

Payveris offers a single digital payments platform that facilitates electronic bill pay, account-to-account (A2A) and person-to-person (P2P) money movement services. From these services, Backbase Engage creates an agnostic money movement experience that incorporates a social address book, creating an intuitive, next-generation user experience that allows money to be moved to anyone, anytime, anywhere and on any channel. 

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).