August 17, 2011 08:03 AM Eastern Daylight Time
AUSTIN, Texas--(BUSINESS WIRE)--Online banking solution provider, Jwaala, and payments solution provider, eWise, have partnered to offer a new online payment alternative for credit union members, merchants, and billers. Through this partnership, the Secure Vault Payments solution has been integrated into Jwaala’s Better Online Banking platform (BOB) allowing users to make payments to online merchants and billers through simple, secure and immediate ACH transactions.
Secure Vault Payments (SVP) is a safe, secure and private online payment network developed by NACHA — The Electronic Payments Association® and eWise. Using the payment method, consumers simply select the SVP payment option on a merchant’s site. They are directed to their online banking site where they sign in and make the payment.
By using the financial institution’s online banking site and the ACH network, the payment is immediate, verified and does not require the consumer to create an account at the merchant site where confidential information is typically stored; making SVP the only payment option that offers consumers an online payment choice without sharing any personal account information.
Jwaala and eWise recently joined forces to provide the payment alternative to members of Utah based Mountain America Credit Union who has been live with Jwaala’s Better Online Banking platform since May. The SVP payment option will be available to all financial institutions deploying Jwaala’s Better Online Banking platform. Future innovations will include mobile access to SVP.
About Jwaala
Jwaala is delivering a powerful, new approach to online banking with an integrated, feature rich and highly flexible platform called Better Online Banking (BOB). Trusted by leading community financial institutions, Jwaala is changing the face of online and mobile banking. See it for yourself at www.jwaala.com
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 PaymentsTM is a trademarked offering of NACHA — The Electronic Payments Association. To learn more, visitwww.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/svp.
Contacts
Jwaala
Kathy Harper, 888-361-2603
kharper@jwaala.org
or
eWise
Johanna Erickson, 720-407-6077
Johanna.erickson@104west.com
Kathy Harper, 888-361-2603
kharper@jwaala.org
or
eWise
Johanna Erickson, 720-407-6077
Johanna.erickson@104west.com
