Convergent Payments Solutions

Fiserv helps you stay nimble and competitive in the rapidly changing payments landscape by offering streamlined processing for a variety of payment vehicles.

A rapidly changing payments processing environment creates opportunity for banks that are agile. Fiserv offers banks a vision of the future that includes streamlined processing for a variety of payment vehicles — a single corridor through which all payments pass.

Our Solution

As the shift toward electronic payment systems continues, Fiserv is delivering the next generation of payments processing capabilities, enabling you to process payments, regardless of their form. Solution features include:

• Payments data monitoring: Access your enterprisewide payments data without disrupting your existing payments processing systems. Check processing, ACH processing and wire processing are all accessible through this monitoring tool, so you can view the complete payments landscape
• Customer payments onboarding: Entering new customer profile information is an efficient, one-time process. Data entry to a single system reduces the number of errors
• ACH risk mitigation: Fiserv helps you integrate risk mitigation procedures with ACH processing. Our solution enables analysis at file, batch and transaction levels; generates an indicator (Pass/Suspend/Reject/Alert) for the file, batch or transaction; and monitors credits and debits, forward and return items, and originating and receiving

Benefits

Our Convergent Payments Solutions help your business in a variety of ways, including:

• Comprehensive workflow monitoring to ensure efficient payments processing
• Real-time alerts and exception notifications for your institution and customers
• Revenue-generating opportunity for your institution via payments monitoring services for corporate customers
• Seamless integration with enterprise content management and external payments systems
• Improved workflow by streamlining many time-consuming tasks and providing appropriate controls
• A flexible interface between ACH processing and existing enterprise risk software to facilitate error detection and fraud avoidance