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Maverick Payments Announces Instant Merchant Settlement Under New Sponsorship Program with Avidia Bank
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.
Avidia Bank recently announced its partnership with Brad Marchand, Boston Pro Hockey player for “Assists for Kids” program to support local youth hockey programs. For every assist during the regular season, Avidia Bank will donate $25 up to $30,000 to benefit Massachusetts Youth Hockey Programs in the MetroWest.
Avidia Bank, headquartered in Hudson, recently announced its partnership with Stephon Gilmore, New England cornerback, for the “Be a Champion for a Child” initiative to benefit Boys and Girls Club of MetroWest. The Boys and Girls Club of MetroWest provides youth development, education, prevention, social, athletic and recreation programs to more than 3,200 at-risk children and teens.
Community banks traditionally have trouble attracting tech-savvy talent, but institutions who have successfully built fintech-friendly products and brands start by creating a culture focused on problem-solving. That build-your-solution approach can be at odds with banks’ core risk management mission, so early sponsorship by forward-thinking executives is key to protecting and fostering fintech-like innovation.