Cambridge Trust Offers SVP to Its Merchant Customers
Oct. 21, 2010
Cambridge Trust Company announced it has joined the Secure Vault Payments (SVP) network and now offers SVP to its merchant customers. SVP is a way to make payments or shop online by leveraging consumers’ online banking accounts to make immediate payments without sharing any account information. For merchants and billers, SVP says it provides real-time authorization with guaranteed payment of ACH transactions with low cost and low risk. “Cambridge Trust is excited to be at the forefront of a new electronic payment solution,” said Lynne Burrow, executive vice president and CIO at Cambridge Trust. “We believe both our merchants and our consumer banking customers will find great value in its security and ease of use.