BROOKFIELD, Wis., May 2, 2023 – Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is enabling Independent Software Vendors (ISVs) and software companies to expand simple and secure payment experiences via mobile devices with a first-of-its-kind text-based payments capability. This new technology will be available via an integration with Authvia, an innovative SaaS company at the forefront of driving commerce into the conversational commerce era.

Text and chat have become more common in business-to-consumer communications, and as the demand for contactless payments grows, so has the demand for text conversations to end in a seamless transaction.

“As consumer demand fuels the software-led payments evolution and ISVs focus on building for the future, Fiserv is expanding its digital payments capabilities into conversational commerce,” said Jon Halpern, Head of ISV at Fiserv. “Authvia provides a robust solution that aligns with our ISV payment engine, with industry-pacing technology and real experts helping to guide integration.”

Through Authvia’s integration with CardPointe ® gateway from Fiserv, ISVs can instantly connect processing services with the patented Authvia technology, TXT2PAY, allowing business users to bill, invoice and accept payments from customers quickly and easily via text and chat conversations.

The combination of Fiserv and Authvia technology provides ISVs a complete, PCI- and TCPA-compliant platform with the APIs, tools and expertise necessary to securely integrate text-based payments into their software without developing their own solution.

“We wanted to find a new and innovative product for our clients, and our relationship with Fiserv gave us a simple path to offering a flexible solution like TXT2PAY, with no development work required,” said Sean McNabb, President of Red Rook Payment Solutions. “Initially, we rolled out TXT2PAY as a standalone solution to a single client, and due to overwhelmingly positive feedback, we have now rolled it out to our entire client base.”

With text message open rates at an impressive 98%, text payments can reduce the time and resources needed to collect payments and diminish friction for both the merchant and the payee. The intuitive payments technology of TXT2PAY accelerates cash flow and provides the contactless and convenient mobile payment experience consumers expect.

“We are thrilled to partner with Fiserv as we look to revolutionize how businesses and consumers engage and transact,” said Chris Brunner, Founder and CEO of Authvia. “Together, we’re bringing compliant and secure conversational commerce technology to market at scale and effectively eliminating barriers to businesses’ success – all while creating positive customer experiences.”

In a world moving faster than ever before, Fiserv helps clients deliver solutions in step with the way people live and work today – financial services at the speed of life. Learn more at https://integrate.clover.com/text-based-payments.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of sale and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies ™. Visit fiserv.com and follow on social media for more information and the latest company news.

About Authvia

Authvia is an innovative SaaS company at the forefront of driving commerce into the conversational commerce era with first-of-its-kind text-to-pay technology—a patented solution that will revolutionize how businesses and consumers engage and transact. We seamlessly orchestrate finance, communication, and technology to support and secure transactions via text messaging and other message-based communication channels, such as chat or WhatsApp. It’s done via Authvia—the conversational commerce engine. For more information, visit www.authvia.com.

EL SEGUNDO, Calif. – Pay2Day Solutions, Inc. – Authvia announced today that it has closed a $7 million Series A financing led by Red Door Capital Partners (Red Door), an independent private equity firm. This financing is already being used to accelerate Authvia’s partner channels and overall sales and marketing efforts. Authvia’s patented text-to-pay solution (“TXT2PAY®”) enables businesses to request and receive payments via text and other digital messaging channels; accelerating cash flow, eliminating PCI risk, and safeguarding data, while providing a seamless mobile payment experience.

Authvia announced today that it has closed a $7 million Series A financing led by Red Door Capital Partners (Red Door), an independent private equity firm. This financing is already being used to accelerate Authvia’s partner channels and overall sales and marketing efforts. Authvia’s patented text-to-pay solution (“TXT2PAY®”) enables businesses to request and receive payments via text and other digital messaging channels; accelerating cash flow, eliminating PCI risk, and safeguarding data, while providing a seamless mobile payment experience.

“Technology is rapidly changing how we conduct business daily, and in Authvia’s patented text-to-pay solutions, we saw an opportunity to be a proactive part of that change while supporting the drastically increased demand for this type of technology,” Wolpow added. “We are very excited about the significant growth and development opportunities this funding will not only provide to Authvia, but how it will fundamentally shape the way payments-at-large are transacted for the foreseeable future.”

“Our team is both passionate and dedicated to executing on our mission, and I am thankful to be surrounded by such a talented group of people that show up every day with a ‘future is now’ mindset. With an incredible team at the helm, patented technology, and surging market demand, I believe we are well positioned for explosive growth,” Brunner concluded.

About Authvia

Authvia is an innovative, Los Angeles-based SaaS company at the forefront of Conversational Commerce with patented text-to-pay technology. That technology includes the flagship software application TXT2PAY®, which delivers a highly secure, fast, and contactless payment option via text messaging and other message-based communication channels, such as chat or What’s App. Authvia connects a business, consumer, and payment processor quickly and easily, expediting cash flow and streamlining payment processes. For more visit authvia.com.

About Red Door Capital Partners, LLC

The Red Door team is a group of seasoned entrepreneurial experts from private equity operations, Investments & wealth management, and legal services, that have joined together to identify, invest in, and manage private equity transactions. Red Door invests side-by-side along with its network of High-Net-Worth Investors, Family Offices and Registered Investment Advisors (RIA’s). Red Door partners with founders and entrepreneurs that seek real capital partners to create collaborative relationships, deploy strategic oversight, implement governance, and professionalize operations – all to ensure our family of investors are protected and are prepared for a successful exit transaction. In some instances, Red Door along with its Investor Network, pre-positions itself by providing a bridge loan or other investment structure to an investment target. This provides Red Door with discounted valuations, exclusivity for future funding, allowing the company to continue performing on its goals prior to a permanent financing, reducing investors risk and shorten investment time horizons. For more information on Red Door visit www.reddoorcp.com

The Authvia board of five is now comprised of two executives from Authvia, and three independent members. Collectively, the group possesses significant experience and expertise in leading mobile payments, investment banking, mergers and acquisitions, and software‐as‐a‐service companies.

“Authvia operates in one of the most exciting segments in fintech today, and since the launch of our V.3 platform in third quarter 2020, we’ve signed more channel partners than originally forecasted,” said Chris Brunner, chief executive officer at Authvia. “This organic growth has built a fantastic foundation for Authvia, and it comes at a perfect time, when consumer demand for text‐based commerce is surging.¹ The contributions of these new board members will enhance Authvia’s ability to scale and help us leverage this momentum in the market.”

Along with Chris Brunner and Authvia CFO Paul Danner, the Board will now include Brian Stolz, Ryan Hughes, and Mike Warren (on behalf of Red Door Capital Partners).

About Brian Stolz

Brian Stolz, C‐Level executive, McKinsey consultant, and investment banker across the technology and healthcare sectors. Most recently, Stolz served as COO of BridgeBio which roughly doubled in size and quadrupled in value during his tenure. He previously served as Chief People Officer for Activision Blizzard. and also served as a Stolz will advise Authvia on scaling business for a wider universe of partners and consumers. Stolz earned an MBA from Harvard University.

About Ryan Hughes

Ryan Hughes is a former senior executive with SoftCard, Samsung Pay, Verizon Media, and Bardown Executive Search. Hughes was the Head of Revenue and Financial Institutions at SamsungPay, as well as CMO of SoftCard, a joint venture of AT&T, T‐Mobile, and Verizon, later acquired by Google. Before his tenure at SoftCard, Hughes was Vice President of Business Development and Innovation at Verizon. He has been at the forefront of payments, mobility, and software for more than 20 years and is excited to bring his strategy, business development, and marketing acumen to the Authvia board.

About Mike Warren

Mike Warren is EVP of Strategy & Partnerships for Red Door Capital Partners, LLC (an investor in Authvia). He has held numerous C‐level roles and served on boards for both publicly and privately held financial services, media, and technology companies. Warren began his career in financial services at American Express Financial Advisors, where he managed assets for high‐net‐worth individuals and family offices. Warren has also held management positions at Prudential Financial, New England Financial, and FR Holdings, and he is a former partner and owner of a broker‐dealer, investment banking, RIA, and market‐ making firm. He brings extensive expertise in investment banking, M&A, strategy, and organizational development to Authvia. Warren earned an MBA from Pepperdine University and Bachelor’s in Organizational Management from The University of La Verne.

About Authvia

Authvia (www.authvia.com) is a Los Angeles‐based SaaS company with patent‐pending technologies and API‐driven platform that facilitates frictionless, contactless, secure, and fast payment acceptance via popular messaging platforms such as text, social media, and chat. Authvia APIs connect out‐of the‐box to 20+ payment processors and gateways, are easily integrated into any business management software solution, and accelerate merchant cash flow using digital engagement to streamline real‐time payments and receivables.

According to David Bradford, chief financial officer of Environmental Pest Solutions and a PestPac client, “65% of SMS enabled customers are now paying as many as 10 days early, and the average number of days customers take to pay has decreased from 22 to 8, eliminating valuable operational time.”

“Our company’s #1 goal is to provide consumers the ability to do business with us in an easy, convenient way,” Bradford said. “Our #2 goal is to allow for our employees to work in a convenient and efficient way and allowing our customers to pay via text achieved both of those goals.”

As a recognized software-as-a-service market leader in the pest control industry, PestPac brings almost 40 years of dedicated business automation to pest control service providers. The company currently supports 70 of the industry’s top 100 pest control firms and enables them to increase revenue, improve operational effectiveness, and drive profitability at every stage of the customer lifecycle through one complete and scalable end-to-end system.

“When our team decided to move forward with the Authvia partnership, we saw the immense value it will provide to our
customers,” said Rick Agajanian, vice president of product management at WorkWave. “We’re excited to bring safe, secure, and innovative payment options to the pest control industry. Providing a contactless and paperless method of invoicing that is fully integrated into our software improves our customer’s cash flow and their overall profitability.”

“Conversations between merchants and consumers are rapidly increasing across all channels, so it is critically important that payments be an organic part of those conversations and not require separate logins, app downloads, or even phone calls to complete a service or purchase,” said Chris Brunner, Authvia founder and chief executive officer. “PestPac saw this partnership as an opportunity to empower its clientele with best-in-class payment solutions that accelerate business receivables and bring convenience to the consumer.”

About Authvia:

Authvia is a Los Angeles-based technology firm offering patent-pending applications and a frictionless, API-driven platform that facilitates contactless, secure, and fast payment acceptance via popular messaging platforms such as text, social media, and chat. Authvia APIs connect out-of-box to 20+ payment processors and gateways, are easily integrated into any business management software solution, and accelerate merchant cash flow using digital engagement to streamline real-time payments and receivables.

About WorkWave:

For nearly 40 years, WorkWave has been building best practices into its market-leading field service and last mile software solutions to allow companies to increase revenue and profit, and become best-in class operators who can outpace their competition. Its solutions empower service-oriented companies to reach their full potential through scalable, cloud-based software solutions that support every stage of a business life cycle, including marketing, sales, service delivery, customer interaction and financial transactions. WorkWave is a trusted partner for thousands of customers across a wide variety of industries, including pest control, lawn care, cleaning, HVAC, plumbing and electrical, and last mile delivery. WorkWave’s award-winning culture and solutions have been recognized in the SaaS Awards, the Cloud Awards, the American Business Awards, the NJBIZ Best Places to Work Awards, and the Stevie Awards for Great Employers. WorkWave is a division of global enterprise applications provider IFS. For more information, visit workwave.com.

“The focus of our ‘API-first’ business is the success of our partners as they introduce TXT2PAY® to their merchants and business customers,” said Trevor Rubel, Authvia president and chief operations officer. “I am confident Will’s experience with enterprise-level partnerships and product integration will guide our partners toward expanded revenues and increased customer satisfaction.”

Broadlick’s background includes more than eight years of payments and technology experience, along with a successful track record of innovation and delivery. Prior to Authvia, he was director of product management at Merchant e-Solutions, where he was responsible for strategy, delivery, and the successful launch of products into market. He led a team of product managers and business analysts, whose technology products were used by over 200 partners that supported nearly $20 billion in payment processing volume. Will was also formerly a product manager at CareCap, a cloud-based payment management solution.

“We are laser focused on providing best-in-class APIs that enable software partners to incorporate conversational commerce seamlessly into the business ecosystem,” said Broadlick. “This allows the business clients they serve to easily adopt Authvia’s innovative TXT2PAY® functionality, and get paid faster, while remaining completely contact free. I’m excited for this chance to empower our partners as they bring these solutions to market.”

About Authvia:

Authvia is a Los Angeles-based technology firm offering patent-pending applications and a frictionless, API-driven platform that facilitates contactless, secure, and fast payment acceptance via popular messaging platforms such as text, social media, and chat. Authvia APIs connect out-of-box to 20+ payment processors and gateways, are easily integrated into any business management software solution, and accelerate merchant cash flow using digital engagement to streamline real-time payments and receivables.

VIEW .PDF

Authvia, the maker of conversational commerce solutions that enable instant payment acceptance on contactless channels such as text, social media, chat, email, and messenger, released a new TXT2PAY® platform upgrade that empowers channel partners to initiate and manage broadscale integration, distribution, and boarding.

According to Trevor Rubel, Authvia president, and chief operating officer, the upgrade coincides with a series of Software-as-a-Service (SaaS) partner launches that will reach thousands of U.S. merchant locations over the remainder of the year. Authvia’s latest TXT2PAY® version empowers channel partners to, “rapidly integrate and deploy a contactless payments solution to their entire network of business clients,” Rubel said.

“Enabling safer payment experiences is now just as critical as offering a fast, convenient, and friendly experience,” continued Rubel. “Authvia’s platform covers all of these requirements, but without the typical burdens associated with implementing other contactless or mobile payment options, and it functions on messaging channels nearly all consumers are already comfortable using.”

Moreover, Rubel noted the benefits of using TXT2PAY® go well beyond the experience. “Usage data has confirmed consumers are not hesitating to use Authvia for making large, on-demand purchases, and they’re consistently paying bills up to 10 days earlier, simply because it’s convenient,” he said.

Matt Filion, chief technology officer at Authvia, added, “Authvia’s channel partners now have a streamlined set of tools to help them easily set up business clients with TXT2PAY® functionality.” He explained that once integrated, onboarding a new merchant can often occur, “within a matter of minutes, including connecting to over 20 pre integrated U.S. processing platforms.”

Filion explained the automated TXT2PAY® platform uses contemporary intelligent-assist technology and dynamic security codes to streamline the payment process for both business and consumer. “TXT2PAY® works for any business scenario and payments can be made with any SMS-enabled device,” he confirmed.

About Authvia:

Authvia is a Los Angeles-based technology firm offering patent-pending applications and a frictionless, APIdriven platform that facilitates contactless, secure, and fast payment acceptance via popular messaging platforms such as text, social media, and chat. Authvia APIs connect out-of-box to 20+ payment processors and gateways, are easily integrated into any business management software solution, and accelerate merchant cash flow using digital engagement to streamline real-time payments and receivables.

VIEW .PDF

“Authvia is in the midst of exciting growth and now is the time to add demonstrated leadership, as well as proven experience in scaling, developing and shaping an organization for the future,” said Chris Brunner, Founder and CEO of Authvia. “Trevor brings all of that and more with a customer-first mindset that fits perfectly with our culture here. I’ve had the opportunity to work with him over the last few years as the CEO of Merchant e-Solutions and know that he’ll add tremendous value to the business and the organization as we write our next chapter.”

Rubel brings an unrivaled view of the payments/software ecosystem to Authvia, including hands-on experience launching and scaling new products in the payments space. In addition to his most recent role as co-CEO at Merchant e-Solutions, Rubel spent over 10 years as a senior executive at Bank of America Merchant Services and First Data. Rubel’s experience also includes driving innovation, product, operations, and corporate development at emerging technology companies, including Intelligent Results, Personify, and CareCap. His track record includes growing early stage startups through acquisition, as well as bringing enterprise-level products to market.

“I’m seeing a fundamental transformation in the industry as payments are increasingly embedded into business software solutions and consumers are looking for easier payment methods that support a contactless experience,” Rubel said. “Authvia’s solutions are perfectly designed for this future and I’m looking forward to doing my part to help the company accelerate growth and expand its impact in the rapidly emerging world of conversational commerce.”

About Authvia:

Authvia is a Los Angeles-based technology firm offering patent-pending applications and a frictionless, API-driven platform that facilitates contactless, secure, and fast payment acceptance via popular messaging platforms such as Text, SMS, social media, and chat. Authvia APIs connect out-of-box to 20+ payment processors and gateways, are easily integrated into any business management software solution, and accelerate merchant cash flow using digital engagement to streamline on demand payment and receivables, all while remaining completely contactless.

VIEW .PDF