Payveris and Geezeo Announce Strategic Integration Partnership

Fintech Innovators Team to Offer Banks and Credit Unions a Competitive Advantage

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| Source: Payveris

WETHERSFIELD, Conn., June 23, 2014 (GLOBE NEWSWIRE) -- Payveris™, a next generation online and mobile digital payments company offering a full range of bill payment, money movement and interbank transfer solutions to banks and credit unions throughout the United States and Geezeo, a company that helps hundreds of banks and credit unions better engage customers through digital channels, have announced a collaborative partnership to offer innovative financial tools and services that enable customers and members to more easily manage their finances. Payveris and Geezeo will leverage each other's expertise to create integrated offerings that empower financial institutions to better compete in the marketplace.

"Both Payveris and Geezeo share a common desire to continually provide both banks and credit unions with the types of innovative online financial tools and services that exceed the needs of their customers or members when it comes to managing their overall finances," said Shawn Ward, CEO of Geezeo. "As customers and members seek additional ways to seamlessly manage their finances from their online or mobile devices, the ability to pay bills or make payments from their online or mobile devices is a natural complement to Geezeo's market leading personal financial management (PFM), and unique web-based, data-driven marketing platform."

Payveris' cloud-based digital payments platform allows for more secure, faster and less expensive payment transactions with less risk of errors. This platform approach provides financial institutions with a more integrated payment offering that creates a better overall user experience than what is currently available today.

"At Payveris, our goal is to provide financial institutions with a single platform that offers the best digital payment and money movement experience whether it's paying a bill, transferring between financial accounts or paying a friend," said Fran Duggan, President of Payveris. "Geezeo is a thought leading company that understands the importance of giving their users a holistic view of financial assets, liabilities, cash flow, goals and budgets. We are excited to be associated with such a forward thinking organization as we work together to provide banks and credit unions with the types of financial management solutions that keep them at the center of commerce in an ever changing and highly competitive financial services marketplace."

About Geezeo

Geezeo offers more than 300 credit unions and banks an integrated suite of online tools and services including its proven Personal Financial Management (PFM) solution. The Geezeo PFM solution is thoughtfully integrated with a credit union or bank online banking platform, giving their users a holistic view of financial assets, liabilities, cash flow, goals and budgets. Geezeo's included Engagement Banking platform, offers relevant insight and data-driven content that helps financial institutions develop online customer dialog while generating growth through acquisition and increased wallet share.

For more information on the privately held company, visit www.geezeo.com.

About Payveris, LLC

Payveris is a next generation digital online and mobile payment company offering full service online bill pay, money movement and interbank transfer solutions for financial institutions and service providers. The company's secure cloud-based platform, advanced technologies and full suite of APIs enables partners and financial institutions to deliver a more integrated and customized solution at a lower cost to serve. Payveris' innovative digital payments platform combined with its "white label" business model provides core processors, online banking providers and other providers of remote banking services a powerful solution for their financial services clients. 

For more information about Payveris and its Digital Payment solutions, contact Mickey Goldwasser at 860.372.4105, via email at mgoldwasser@payveris.com or visit www.payveris.com.

Marvin (Mickey) Goldwasser
Payveris


Bryan Clagett
Geezeo