TxVia to Support BankSimple’s Customer-Centric Vision of Banking

TxVia Implements Platform-as-a-Service Processing Platform for New Banking Solution Provider

NEW YORK--()--TxVia, Inc., a leader in processing technology for prepaid and emerging payments, and Simple Finance Technology Corp., the creators of BankSimple, today announced an agreement whereby TxVia will enable a variety of financial products for BankSimple, including processing for payment cards, starting later this year.

BankSimple is reinventing personal banking by offering modern online and mobile experiences, no surprise fees, and great customer service. The BankSimple service will provide FDIC-insured products accessed through a single BankSimple-branded card. The service will feature fee-free access to over 50,000 ATMs, free online bill payment, fast and painless money transfers, an open API and responsive customer service via the phone and Web. Over 40,000 individuals have requested a beta invite to the service’s upcoming launch at https://banksimple.com.

“Many financial services customers are frustrated with their banking experience, in large part due to poor experiences caused by antiquated banking technology,” said Joshua Reich, CEO of BankSimple. “With the level of configurability and control that TxVia provides us, we’ll offer our customers products that are unmatched by traditional providers.”

“In this mobile-enabled, always-on world, banking customers can’t understand why it’s nearly impossible to get an accurate, real-time view of their finances,” Reich continues. “The TxVia PaaS delivery model is a banking technologist’s dream, because it enables us to deliver on our customer-centric vision of banking.”

TxVia will provide BankSimple with a customized and segregated processing platform with the highest levels of scalability and availability, running on a hybrid private elastic compute grid that interfaces securely with BankSimple’s cloud infrastructure.

“There is tremendous excitement around BankSimple in many corners of the financial services industry, and we believe that is attributable, in part, to the disruptive technology that is core to BankSimple’s 2.0 banking strategy,” says Jonathan Weiner, EVP of TxVia. “We’re delighted to have been selected as BankSimple’s processing technology partner to support this innovative organization in realizing its transformational potential.”

About BankSimple

Simple Finance Technology Corp., the makers of BankSimple, is reinventing personal banking by offering modern online and mobile experiences, no surprise fees, and great customer service. The BankSimple service provides customers with FDIC-insured products accessed through a single BankSimple-branded card. The service features fee-free access to over 50,000 ATMs, free online bill payment, fast and painless money transfers, an open API, and responsive customer service via the phone and Web. Co-founded by Joshua Reich (CEO), Shamir Karkal, (CFO), and Alex Payne (Chief Product and Technology Officer), BankSimple is funded by First Round Capital, IA Ventures, Village Ventures, and leading angel investors, including Ron Conway, Dave McClure, Joshua Schachter and Jerry Neumann.

For more information, and to signup for a beta invite, visit https://banksimple.com. Follow BankSimple on Twitter at http://www.twitter.com/banksimple, or ask us a question on Quora at http://www.quora.com/banksimple.

About TxVia, Inc.

TxVia offers the most advanced processing technology for prepaid cards and other emerging payments, as well as comprehensive supporting services. Our solutions encompass the full scope of consumer, corporate and government payment applications. We enable electronic payments with a platform-as-a-service (PaaS) delivery model. PaaS is not a one-size-fits-all platform. It is a fully customizable solution that supports your specialized processing needs. Our clients, which include some of the largest payments companies in the world, realize significant time-to-market, cost, scalability, reliability and security benefits.

Contacts

TxVia, Inc.
Colette A. Oliver, 212-937-4115
colette@txvia.com
or
For Media Inquiries Only:
BankSimple
Adam Erlebacher
VP Product Marketing
718-855-8231
adam@banksimple.com

Contacts

TxVia, Inc.
Colette A. Oliver, 212-937-4115
colette@txvia.com
or
For Media Inquiries Only:
BankSimple
Adam Erlebacher
VP Product Marketing
718-855-8231
adam@banksimple.com