Payveris LLC, a next generation online and mobile payments company that offers a full range of bill payment and interbank transfer solutions to banks and credit unions, has received a total of $5.2 million in funding, led by Ironwood Capital Connecticut and Connecticut Innovations.
Payveris will use the funds to support its growing network of distribution partners and clients and expand its sales and marketing capabilities, according to Payveris President Fran Duggan. The company continues to invest in its cloud-based payment platform to offer unique processing solutions that meet the demands of today’s online and mobile customers.
“Banks and credit unions were created to facilitate commerce and are highly regulated to ensure that people’s money is protected. However, their technological capabilities have not kept pace with today’s increasing demand for online and mobile payment choices,” Duggan said. “Payveris’ ePayments technology can help banks reduce transaction costs and reclaim their role as the trusted provider of payment services.”P
With a fast-growing roster of bank and credit union clients, Payveris has brought to market a new, proven ePayment option that provides clients with bill payment and money movement capabilities for their online and mobile banking customers at lower costs than other processing solutions. With the only cloud-based payment-processing platform in the market, Payveris’ ePayment technology gives banks a more integrated offering that creates a better user experience than what is available today.Premier has been providing bookkeeping and accounting services to Payveris since their inception in 2011.