Kinective and PayNearMe are teaming up to make digital payments much easier for banks and credit unions. This new partnership focuses on Payment Experience Management to help thousands of financial institutions modernize. By working together, they hope to fix the common headaches of processing bill payments.
PayNearMe is now using Kinective’s Gateway technology to connect its PayXM platform to core banking systems. This means banks can offer better payment options without having to rebuild their entire backend. It is a major win for smaller institutions that want to offer big-bank features.
Simplifying the Way Banks Handle Payments
Good Payment Experience Management is about more than just moving money from one place to another. It is about making the entire journey smooth for the person paying the bill. Kinective Gateway helps by removing the technical barriers that usually slow down these types of integrations.
Now, banks can accept and post payments across all major channels more quickly. This reduces the number of errors and speeds up the time it takes to settle accounts. For the customer, it means a faster and more reliable way to pay their monthly bills.
This partnership shows how much the fintech world is leaning toward collaboration. Instead of fighting over customers, these companies are building tools that help the whole industry. The goal is to make modern payment tech available to everyone, regardless of their bank’s size.
Bruce Gaskill, Senior Director of Integration Partnerships at PayNearMe, commented on this update.
“Kinective Gateway accelerates our ability to bring Payment Experience Management to thousands of financial institutions. With PayXM easily integrated into core banking systems, financial institutions can transform every touchpoint in the payment journey to reduce operational overhead and deliver a modern, member-first experience.”
Dan Snyder, the EVP of Product at Kinective, spoke about the impact of this deal.
“Our partnership with PayNearMe demonstrates how Kinective Gateway drives superior Payment Experience Management. We are excited to help financial institutions modernize their payment capabilities through this integration.”
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News Source: Businesswire.com
