Payveris Teams With Paymentus To Drive Instant Payments

Real-time money transfer firm Payveris is partnering with the instant payments network Paymentus to advance a new payment hub — Bill Center — for expanded access and visibility.

Bill Center provides a 360-degree view across all bills and financial obligations. The hub also offers more payment choices — debit, credit, and digital wallet options — and gives instant notifications of billers’ payments.

“Everything we do at Payveris is aimed at helping financial institutions improve the digital experience and financial well-being of their customers,” Marcell King, chief innovation officer of Payveris, said in a press release emailed to PYMNTS.

“We’re helping to bring banks and credit unions back at the center of their customers’ digital payments. Not only will Bill Center bring back the stickiness of bill pay, but the data that financial institutions capture will also offer critical insight into customers’ payments and behavior, enabling them to provide more relevant and contextual information and services that improve their customers’ financial lives,” King added.

Read more: Bill Tech Firm Paymentus Signs Acquisition Deal With P2P Startup Payveris

Because financial institutions have struggled to put bill payment advances in place, the user experience is often dated and inconvenient. As a result, many customers have moved away from banks and credit unions for money transfers.

Bill Center will use Payveris’ platform, including bill pay, account-to-account transfers and Paymentus’ real-time network of billers, in order to provide an enhanced level of service to financial institutions.

Having a centralized bill pay solution is something that 74 percent of consumers want, according to survey data from Aite-Novarica Group.

See also: MX, Payveris Partner on Money Movement Services

Payveris also recently partnered with the financial data platform MX to boost account connectivity as well as extend its reach on money movement services.