How they describe themselves: eWise, a privately held technology company with offices in Denver (Colorado), London (UK), Shenzhen (China) and Sydney (Australia), develops and markets online payment, account aggregation, personal financial management (PFM) and eAuthentication solutions to financial institutions in Australia, Asia, Europe, North America, and the United Kingdom. eWise is best known for its role in establishing Online Banking ePayments (OBeP) networks around the world. The company is the exclusive network provider for the NACHA Secure Vault Payments network in the US, they are partnering with VocaLink to offer eWise payo in the UK, and eWise has also been working with the International Council of Payment Network Operators (ICPNO) since it was established in 2008 to develop common standards and rules for global interoperability between Online Banking ePayments networks.
How they describe their product/innovation: Secure Vault Payments/eWise payo allows consumers to make payments using their existing secure online bank account when shopping or paying bills online, does not require set-up or registration with a third-party payments entity and presents familiar interface to facilitate online payment awareness of funds availability. Merchants are offered improved sales conversion rates, real time authorization of guaranteed ACH payment, and repeat transactions. Secure Vault Payments/eWise payo helps financial institutions to recapture revenue being lost to alternative payment providers while also encouraging consumers to move to online banking, replacing more costly branch and telephone alternatives.