Region – Avidia Bank, a $1.5 billion mutual bank headquartered in Hudson, has been recognized by New England Automated Clearing House (NEACH) for its business payment platform, AvidiaPay.
AvidiaPay is a cloud-based payment solution that is available to Avidia Bank’s business customers and to the network of resellers and their clients as well. The key elements include: paperless registration, customer due diligence approval and service delivery – along with fully integrated payment solutions that meld credit card to real time and same-day ACH payments.
Avidia Bank has a well-diversified business model which allows it to serve the banking needs of all types of businesses. Avidia is an innovative institution that continues to pursue non-traditional strategies while maintaining traditional core values and commitment to community.
“We are extremely proud of this recognition for our AvidiaPay product,” said Mark R. O’Connell, president and CEO, Avidia Bank. “Avidia Bank’s capacity allows the bank to initiate technical partnerships and support additional brand extensions, ultimately helping us to level the playing field with larger competitors all while meeting the rapid technology changes in the financial industry.”
In the AvidiaPay platform reside administration tools that include registration approval, risk management and limit controls which the bank and approved partners can manage via an intuitive interface, as well as delivering a full library of APIs (application programming interface).
AvidiaPay offers multi-level white label options along with everything needed to easily deliver and manage the card and ACH payment solutions for merchants including its latest payment offering, real-time payments. The market for this solution is every bank and credit union that does not have the capacity to build solutions in-house.