LOS ANGELES (PRWEB) OCTOBER 22, 2019
Maverick Payments, a Calabasas based payment processor, has partnered with Avidia Bank, a Massachusetts based financial institution. Both Maverick and Avidia are organizations at the forefront of innovation in financial technology, committed to powering merchants with unparalleled electronic payment processing.
Instant merchant settlement allows businesses to receive deposits from card sales within a few seconds after batching. There is no delay in payment on weekends or bank holidays.
“We are very excited for the release of our new relationship with Avidia,” said Ben Griefer, chief operating officer at Maverick, “as our sponsor bank is crucial to our success, especially with being able to offer financial products, including instant merchant settlement, that will provide significant value to our merchants and partners. We are heavily invested in being a technologic leader in the payments space. It is vital for our sponsoring bank to also be on the same level in terms of technology development.”
Maverick has spent the last few years investing heavily in the development of innovative technology to provide merchants and partners a fully integrated payments platform. Building momentum off a recent rebrand, Maverick is poised to elevate the experience of small business owners utilizing their platform to an entirely new level of client service.
“As a niche bank dedicated to innovation, Avidia is nimble enough to deliver the payment and banking services fintech companies like Maverick require, but with a level of personal service that’s difficult to find today,” added Robert Conery, chief operating officer, executive vice president, of Avidia Bank. “We are thrilled to be partnered with a company so committed to the future of the payments space.”
“We understand the payments space is rapidly evolving with a big focus on technology so as a bank, it is crucial for us to align with partners such as Maverick who are investing in technology development,” added Cliff Thompson, vice president of Avidia Bank.
The collaboration of two digital-first financial companies will lead to more innovative choices for small business owners from all different industries.
About Maverick Maverick is an industry-leading, full-service payment processor. Maverick provides merchants across the US with technology-driven payment processing services, such as credit and debit card as well as ACH acceptance, for both in-person and online payments. Maverick offers lucrative partnership opportunities to ISOs, VARs, ISVs, and agents with vast branding capabilities of technology. Headquartered in Calabasas, California, Maverick is family owned and operated with management experience exceeding over 30 years in the industry.
About Avidia
Avidia Bank is a Hudson, MA based community bank serving business banking, consumer banking, and residential lending. With additional locations in Marlborough, Shrewsbury, Framingham, Clinton, Leominster, Northborough, and Westborough, Avidia Bank has been serving the central Massachusetts region for 150 years. Member FDIC Member DIF
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Source: Company press release.
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