Image via CrunchBaseJune 16, 2011 08:04 AM Eastern Daylight Time
Financial institutions, merchants and billers to benefit from rapid implementation
DENVER--(BUSINESS WIRE)--eWise, a payments and online financial management solutions provider, announced today that it has partnered with Affirmative Technologies to accelerate the adoption of new payment alternatives for merchants, financial institutions and billers. Through this agreement, both companies will provide their customers with new, integrated payment technology solutions that are scalable, customized, and secure.
“With Affirmative Technologies, we are able to employ our rapid implementation strategy to get financial institutions, merchants and billers up and running with alternative payment solutions more quickly and efficiently.”
Affirmative Technologies’ ACHNow and ACH Risk Manager will be integrated with Secure Vault Payments, made available through a partnership between eWise and NACHA. This integration taps into the core competency of eWise’s payment technology to deliver alternative payment solutions in a more streamlined and secure way.
“Bringing new payment solutions to market can be a daunting task. Through this partnership with eWise, we are simplifying the implementation process and adding value for our customers at the same time,” said George Bassous, Chief Executive Officer/Chief Technology Officer of Affirmative Technologies. “By integrating our respective technologies, we are able to offer our customers a one-stop shop for their payment needs, creating increased efficiency and economies of scale.”
ACHNow is a merchant front-end electronic payment data entry and consumer initiated payment presentment application that electronically submits transactions for payment through the ACH Network. ACH Risk Manager is a multifaceted ACH File Risk Management application designed to manage critical risk factors affecting financial institutions’ daily ACH operations.
Secure Vault Payments gives businesses the only online payment option that provides real-time authorization of funds and guaranteed payments for ACH transactions at costs typically lower than traditional and other alternative payment methods. It is also the only payment option that offers consumers online payment choice without sharing any personal account information.
“The payments industry is rapidly evolving and companies must adapt and innovate in order to remain competitive,” said Alex Grinberg, CEO of eWise. “With Affirmative Technologies, we are able to employ our rapid implementation strategy to get financial institutions, merchants and billers up and running with alternative payment solutions more quickly and efficiently.”
About Affirmative Technologies
Established in 1998, Affirmative Technologies, Inc. is a leading technology provider to the electronic payments industry, marketing software and Internet applications for processing consumer payments electronically via established Financial Institution-ODFIs, the ACH Network and Federal Reserve Banking System, through standalone or multi-client electronic payment processing Applications for Retail Merchants, Internet Merchants, Financial Institutions, Third Party ACH Processors-Senders, Independent Software Vendors, and Payment Aggregators.
About Secure Vault Payments
Secure Vault Payments® enables consumers to initiate private and secure payments for purchases and bill payments through their financial institutions’ online banking platforms, using the ACH Network and eWise’s Online Banking ePayments technology. Financial institutions authenticate consumers and provide businesses with real-time authorization and confirmation of payment (ACH credit). Secure Vault Payments™ is a trademarked offering of NACHA — The Electronic Payments Association. To learn more, visit www.securevaultpayments.com.
About eWise
eWise is partnering with NACHA to provide the Secure Vault Payments network, utilizing its Online Banking ePayments (OBeP) technology and account management services. eWise is a payments and online financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure. eWise offices in US, UK, China and Australia support some of the world’s top 50 financial institutions with solutions delivering outstanding, proven ROI for its customers and a better online experience for millions of end-users worldwide. For more information, visit www.ewise.com.
