With the entrance of Google (and now, presumably, Square), the universe of social person-to-person (P2P) payments just expanded.
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U.S. Bank has become one of the first financial institutions to make this a reality, and it works through their existing mobile app powered by Mobiliti from Fiserv. Fiserv had been working on this concept for several years, and in 2011, the bank came to us and asked us if we could help them bring the idea to their consumers. Together with an image capture provider, we integrated this functionality with our existing bill pay and mobile platform.
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The 2008 financial crisis exposed flaws in maintaining a siloed approach to risk and financial performance management. This resulted in increased pressure from regulators and stakeholders on financial institutions of all sizes to take an enterprise-wide view of risk, finance, accounting, compliance and performance management when managing their business.
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The first day of Forum 2013, the spring conference for Fiserv clients, is in the books. In his kickoff keynote, Fiserv President and CEO Jeff Yabuki asked the standing-room-only audience of more than 4,000 to "reimagine the financial experience of the future" and refocus their strategies to address the dynamically changing realities of a world in perpetual fast-forward.
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With profitability from retail lines of businesses under pressure, many institutions are reviewing their strategies for addressing the small business market.
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Fiserv Forum 2013, the spring client conference, kicks off in earnest tomorrow with general session keynotes from Gen. Colin Powell, USA (Ret.) and Jeff Yabuki, President & Chief Executive Officer of Fiserv. Once again this year, we expect to see a lively discussion on the keynotes, as well as other sessions, on social media.
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Recently, I blogged about the U.S. Postal Service plan to eliminate Saturday mail delivery, and the potential impact this may have on consumers, billers and financial institutions.
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As awareness of person-to-person payments matures, we're getting a more nuanced understanding of the consumer needs that are driving adoption for these services, including the Popmoney® Personal Payment Service from Fiserv.
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At the recent MBA National Mortgage Servicing Conference, I had the opportunity to listen to a panel discussion focused on assisting military families who had mortgage difficulties.
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The recent U.S. Postal Service announcement that it plans to end Saturday letter delivery made big headlines, but it wasn't entirely unexpected for those in the industry who depend on the USPS for delivery of bills and statements.
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We recently passed an important milestone at Fiserv, with more than 2 billion e-bills delivered since 2005. E-bills are electronic versions of paper bills that are delivered through biller, financial institution and third-party websites and mobile devices. Why are we seeing such strong consumer adoption? What are the main benefits according to consumers?
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How many of these terms can you define? Botnets. Cache Poisoning. Logic Bombs. Malware. Phishing. Spyware. Super Zapping. Zombies. If your job is managing rate spreads and loan risks, you may think that these terms sound like they come from the script of a James Bond movie. But if you've been paying attention to the advisories coming from regulatory agencies and the reporting in the trade press about the increasing amount and type of financial cybercrimes, you've likely heard several of these terms, and others like them.
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While mobile banking and other consumer-facing bank technologies dominate the spotlight, one area of bank IT that is often overlooked is Enterprise Content Management (ECM). The Point recently spoke with Jay Coomes, Vice President of ECM at Fiserv, to get a better understanding of the evolution — and more recent revolution — that is taking place in how financial institutions manage the huge volume of documents and other content that flows throughout their organizations.
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In September, Fiserv introduced SpotPay, a mobile payment solution that banks and credit unions can offer to their small business customers and members to accept card payments and deposit checks. Since the launch, SpotPay has received quite a bit of interest for its distribution model that puts financial institutions in the middle of a rapidly growing payments opportunity. David Keenan, general manager of Network Solutions at Fiserv, sat down with The Point to discuss SpotPay, and why financial institutions are best positioned to serve the mobile payments needs of small businesses.
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