Paymentus Corporation is a provider of electronic billing and payment solutions in North America, offering a cloud-based, Software-as-a-Service platform designed for direct-bill organizations. Founded in 2004 and headquartered in Charlotte, North Carolina, with additional offices across various U.S. and Canadian cities, Paymentus enables real-time payments through multiple channels, including online, mobile, and interactive voice response. The platform supports a wide range of funding methods and is compliant with tier 1 PCI standards, ensuring secure transactions. Paymentus serves diverse sectors, including utilities, healthcare, insurance, financial services, and government, by integrating with clients' core financial and operational systems to enhance customer engagement and streamline revenue management processes. The company generates revenue primarily through transaction fees associated with the payment services it provides.
Payveris, LLC operates a cloud-based digital payment and money transfer platform aimed at serving financial institutions and their partners. Founded in 2011 and headquartered in Cromwell, Connecticut, Payveris provides a range of services including consumer and business bill payment solutions, account-to-account external transfers, and person-to-person payment capabilities. Customers can easily send money from their bank or credit union accounts to others via the web, smartphones, or tablets. The platform also features PayWatch, an integrated fraud prevention solution that monitors transactions across various payment types, and PayItNow, which connects financial institutions, merchants, and consumers in the payment process. Payveris has established strategic partnerships with Kony and Corelation to enhance its offerings.
Finovera
Acquisition in 2021
Finovera, Inc. is a digital bill management and payment solution provider for banks, credit unions, and financial institutions. Founded in 2011 and headquartered in Milpitas, California, with an additional office in Bengaluru, India, Finovera offers a platform that allows users to receive, organize, and manage their bills and important documents securely. Its Bill Management Application links users' accounts, downloads new bills, and notifies them of unusually high charges, while also enabling document uploads for safekeeping. The Finovera Platform Services facilitate eBill presentment and payments through various methods, including credit cards, debit cards, and ACH transfers. This integrated approach enhances customer satisfaction and retention by streamlining the management of household finances and reducing issues like late fees and disorganization.
Billeo
Acquisition in 2015
Billeo is a prominent provider of online shopping and bill payment services, established in 2006. The company focuses on enhancing consumer engagement and loyalty for banks, card issuers, and product marketplaces. By offering streamlined solutions for online and mobile shopping, Billeo enables financial institutions and marketplaces to simplify and expedite the payment process for their users. The company's services include the acceptance of Visa credit card payments for automatic bill pay, reinforcing its commitment to facilitating seamless transactions in the digital landscape. Billeo's acquisition by PaymentUs marks a significant development in its evolution within the financial technology sector.
TWI (Summation360)
Acquisition in 2014
Founded in 1986 as Tele-Works Inc., TWI is a leading provider of electronic billing, payment, and communication services in North America. We have over 500 customers across the U.S. and Canada. At TWI, we are pioneers in the way bills get paid. In fact, we’ve taken the various, often complex and costly facets of billing and payments and created a one-stop service: Summation360™. Our Summation360™ voice, web, and mobile services have revolutionized the way our clients — primarily utility companies — invoice for services, accept payments, communicate with customers, and more. Best of all, TWI handles everything. There is no software or hardware to purchase or IT infrastructure to support.
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