Backbase, an omni-channel digital banking vendor, has partnered with Payveris, a provider of digital payment solutions, to enhance its money movement capabilities.
Under the partnership, Backbase will use Payveris’ payment API to provide seamless Money Movement features within the Backbase Engage omni-channel digital banking platform.
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The deal will see Payveris operating as part of the Backbase Open Banking Marketplace.
Payveris said that it provides a single digital payments platform that facilitates electronic bill pay, account-to-account (A2A) and person-to-person (P2P) money movement services.
With this agreement, Backbase Engage will use these services to create an agnostic money movement experience that allows users to transfer money to anyone, anytime, anywhere, and on any channel.
Payveris president Jeff Weikert said: "By adding Payveris’ payment capabilities both our organizations will create a truly next-gen digital banking experience for banks and credit unions".
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By GlobalDataBackbase CEO & Co-Founder Jouk Pleiter said: "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.
"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."
