Australian payments innovation provider Verrency has signed a multi-year deal with volt bank, Australia's first independent 100 per cent digital bank.APRA granted volt bank a restricted authorised deposit-taking institution (RADI) licence earlier this year. In a recent statement, the bank said that, subject to transitioning to a full banking licence, it would initially offer savings and transaction accounts, term deposits and foreign exchange, before moving into personal loans, mortgages and credit cards.The agreement with Verrency gives volt bank a shove in that direction, enabling it to set up card payments programs in rapid time via Verrency's cloud-based platform. Volt CEO Steve Weston said: "As the first digital bank in Australia, we are using technology to improve the way consumers experience banking. Verrency's adaptable payments platform enables us to securely deliver innovation at a pace well beyond that of traditional banks."David Link, founder and CEO of Verrency, was clearly chuffed at the outcome. Link said his platform allowed any bank to plug into a range of compatible services providers, but was constrained from specifying which of the various services offered by his company volt would eventually require. He did, however, explain that there were a number of options available that were not offered by other technology providers, for example, credit cards, to loyalty and other rewards programs.Link also confirmed that volt is his firm's first Australian banking customer - an important development for a company that was only at start-up stage in 2016, seeking first round venture capital funding, with ambitions to become a global payments player. The agreement comes on the back of Verrency being named FinTech Australia's winner of the award for Excellence in Establishing a Global Market Presence.It was one of five on a shortlist for Fintech Australia's "Emerging fintech organisation of the year". The company is, Link said, "designed to be global". He and his team have been busy setting up offices in the UK, in Asia and the US.Among its early clients is UnionPay International, in a deal that was signed up in late January 2018 for marketing and distribution to 100+ card issuers, outside of China.