‘I can’t tell you how many millennials tell me they pay their bills at the biller’s site’: Payveris’ Marcell King
- Banks are saddled with a ball of string comprised of point payments solutions they've acquired over the years.
- Payveris works with 300 banks and credit unions to digitize bill pay, p2p, and A2A money movement.
As banks and credit unions look to modernize their platforms to digital payments, they’re turning to firms like Payveris to handle things like bill pay and P2P transfers. Payveris provides cloud payment software to 265 banks and credit unions.
Payveris Chief Innovation Officer Marcell King joins me on the podcast to talk about the evolution of banks’ participation in payments and where the market is headed in the future. In a world of Square and PayPal, Marcell describes where banks can compete and find a competitive edge.
Shortly after we recorded this call, bill payment player Paymentus announced that it was acquiring Payveris in an attempt to increase the addressable market opportunity for the combined firm.
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The following excerpts were edited for clarity.
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