Members First Credit Union Selects Payveris’ Digital Payments Platform

Utah credit union chooses complete line of digital transaction services 

Payveris, a provider of next generation API centric digital payment solutions designed to empower U.S. banks and credit unions to stay relevant with their customers by transforming the way they deliver digital payment and money movement services, announces Brigham City, Utah-based Members First Credit Union (MFCU) has selected and launched Payveris’ digital payments platform to support MFCU’s digital payments and money movement strategy.

Members First Credit Union selected Payveris’ digital payments platform for its complete line of services including consumer bill pay, external or account-to-account transfers (A2), and person-to-person (P2P). MFCU has launched the Payveris digital payments platform as a white label service into all its digital channels, including desktop, tablet, and mobile devices, all of which are currently provided by Sandy, Utah based CMC Flex.

Payveris’ cloud-based open API digital payments platform enables MFCU to not only enhance its member experience for traditional digital payment services like bill payment and P2P transfers, but the platform also positions the credit union for the future of digital payments as Payveris continues to add new services and use cases to its ecosystem of payment and money movement applications.

“We selected Payveris’ digital payments platform because it provides our members a much better online and mobile user experience and it allows us to easily add additional digital payment services in the future at a much lower cost than our previous solution.  We are excited about the innovative services Payveris can bring to a credit union our size with $113,676,000 in assets and 14,815 members,” said Darryn Hodsgon, CFO, Members First Credit Union. “We look forward to offering our members the best in payments technology through this partnership.”

“We designed our payments platform to scale for any size institution and we’re pleased we can bring modern payments technology to the local community credit union,” said Ron Bergamesca, CEO of Payveris. “Payveris will enable Members First to offer its members the same type of innovative digital payment services that our multi-billion-dollar credit unions and banks offer their members and customers.  We’re grateful to have Members First as a client and look forward to building a great partnership.”

Through its suite of open APIs and widgets, Payveris provides financial institutions and their Fintech partners with unlimited control, extensibility and flexibility of the digital payments and money movement user experience across any digital channel or application, enabling money to be moved to anyone, anywhere, anytime and with any device.

Members First Credit Union (MFCU) was established in 1958 as Thiokol Employees Credit Union. In 1996, the name was changed to Members First Credit Union. Members First is a Utah State chartered credit union and serves Box Elder and Cache County residents, as well as the employees and families of Orbital ATK Launch Systems, Autoliv ASP, Management Training Corp., Kent’s Market, Malt-O-Meal Company, NUCOR Steel, VulCraft and Utah State University.

Rocky Hill, Conn.-based Payveris is a provider of an open API digital payment and money movement platform designed to help financial institutions stay relevant in a digital world.  The company’s secure cloud-based platform supports a range of digital payment and money movement services including electronic bill payment, presentment and management, person to person (P2P) transfers, external (A2A) account transfers and business payments and disbursements all through a single unified platform. The platform supports multiple funding methods, Intelligent Payment Routing™, integrated messaging, fraud mitigation and a robust suite of APIs and widgets to enable financial institutions to take complete control of the user experience, quickly create innovative new payment experiences, extend payment capabilities into third party Fintech applications, accelerate payments and reduce operating costs, allowing them to compete more effectively for today’s digitally connected consumers and businesses.