Secure Vault Payments today announced it has added Regions Financial
Corporation (NYSE:RF) to the Secure Vault Payments Network. Regions will
offer the online payment option to customers in 16 states across the
South, Midwest and Texas.
Secure Vault Payments is the only online payment method that links
consumers directly to their bank account without a middleman. Secure
Vault was developed by NACHA — The Electronic Payments Association® and
eWise, a provider of online and mobile payment solutions.
“Merchants and consumers alike are increasingly seeking convenient and
secure online payment options, particularly for large dollar
transactions,” said James Hicks, head of Treasury Services for Regions
Financial. “Regions’ participation in Secure Vault Payments will allow
us to provide additional payment choices and benefits to our customers.”
Secure Vault Payments is a payment system designed specifically for
banking customers; whether they are merchants, billers or consumers.
Through this simple payment option, consumers select their bank, log
into their bank’s online service from the merchant or biller checkout
page, select the bank account they want to use to pay, and confirm
payment. The only people involved in the payment process are the
consumer and their bank. Consumers make their payment without ever
having to enroll, register or share any financial account information
with the merchant or biller.
Merchants and billers get guaranteed good funds at a significantly lower
cost than traditional and alternative payments methods.
“We are very pleased to welcome Regions Bank to the network,” said
Alexandre Gonthier, CEO, eWise. “The addition of another top 10 bank to
the network attests to growing consumer and market demand for Secure
Vault Payments. Regions Bank stays true to their position as a market
leader by offering this innovative, safe and convenient payment option
to both consumer and commercial clients.”
Companies interested in joining the Secure Vault Payments network should
contact eWise at email@example.com.
About Regions Financial Corporation
Regions Financial Corporation, with $130 billion in assets, is a member
of the S&P 500 Index and is one of the nation's largest full-service
providers of consumer and commercial banking, trust, securities
brokerage, mortgage and insurance products and services. Regions serves
customers in 16 states across the South, Midwest and Texas, and through
its subsidiary, Regions Bank, operates approximately 1,800 banking
offices and over 2,100 ATMs. Its investment and securities brokerage
trust and asset management division, Morgan Keegan & Company Inc.,
provides services from over 300 offices. Additional information about
Regions and its full line of products and services can be found at http://www.regions.com.
About eWise Payments
eWise is the exclusive provider of Secure Vault Payments. Secure Vault
Payments allows any consumer to pay online for goods or services
directly with their bank account without creating a new account or
sharing any financial information with merchants or third-party payment
companies. Secure Vault offers merchants a low-cost, real-time guaranty
of good funds payment method. Secure Vault Payments is a registered
trademark of NACHA, the National Automated Clearinghouse
Association. For more information, visit www.ewisepayments.com.