Bank renews multiple payment solutions and will deliver an integrated, real-time payment experience to consumers.
U.S. Bank, the fifth largest bank in the United States, has signed a five-year renewal for the Fiserv CheckFree RXP® electronic billing and payment, Popmoney® personal payment and TransferNow® account-to-account transfer solutions.
"The Fiserv digital payment suite enables convenient and secure money movement for our customers through the online, mobile and tablet channels," said Niti Badarinath, SVP, head of omnichannel experience, U.S. Bank. "Whether people are paying bills, sending money to others or transferring funds between their own accounts, we want to provide a seamless experience that allows customers to focus on moving their money from point A to point B, without having to think about how that happens. We look forward to working with Fiserv to deliver an increasingly smart payment experience."
With this renewal, U.S. Bank customers will continue to benefit from CheckFree RXP, a comprehensive and intuitive electronic billing and payment solution, Popmoney, which makes it easy for consumers to pay other people from their bank account using a recipient's email address or mobile phone number, and TransferNow, which enables customers to transfer funds to or from their own accounts at U.S. Bank or other financial institutions. These money movement capabilities are foundational elements of the real-time enabled Fiserv payments network.
"Robust payment capabilities enhance the value of a financial institution relationship because these capabilities empower consumers to handle the financial tasks that permeate their lives," said Kevin Schultz, president, Digital Banking, Fiserv. "When it comes to digital banking and payments, people expect ease, convenience and speed. With its renewal of these strategic services U.S. Bank is reinforcing its commitment to delivering the very latest in payments to their customers."