Infosys Finacle and Payveris Partner to Bring Industry-Leading Solutions to US Community Banks and Credit Unions
Palo Alto, California and Rocky Hill, Connecticut – August 14, 2015: Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced a partnership with Payveris, an online and mobile digital payments company headquartered in Connecticut. The two entities will jointly provide integrated payment solutions to banks and credit unions throughout the United States. The offering will facilitate bill payments and innovative money movement services such as interbank transfers and person-to-person payments.
Through this partnership, the two organizations will integrate Finacle Universal Banking Solution and Payveris’ modular, open API-driven Digital Payments Platform to offer cloud-based banking services to community financial institutions in the U.S. The fully integrated solution will enable financial institutions to boost agility and efficiency of their operations, accelerate growth and improve customer experience across channels. The partnership will strengthen Infosys Finacle’s core banking, e-banking and mobile banking offerings in the U.S. through the addition of Payveris’ omni-channel digital payments capability.
Michael Reh, Executive Vice President and CEO (designate), EdgeVerve:
“To succeed in a highly competitive and fast changing banking environment, community financial institutions today seek a modern, real-time banking platform that can offer speed, flexibility and ability to run operations efficiently. Infosys Finacle is well placed to help financial institutions achieve these objectives and attain profitable growth. We believe that our partnership with Payveris will further strengthen our value proposition and enable our clients to delight their customers with innovation and seamless payment experiences.”
Jeff Weikert, President, Payveris:
“In Finacle, we found not just a solution that benefits both banks and credit unions, but also the millions of customers or members who trust these institutions with their finances. Finacle not only brings world-class banking services to the U.S. banks and credit unions, but also offers them a real technology choice that can competitively differentiate them in the industry. We are excited about our partnership with Infosys Finacle and to be their go-to-market partner for digital payment services within the United States.”