Financial institutions face a difficult balancing act when setting overdraft limits: weighing strict regulatory guidelines and the risk of principal write-offs against customer demand for an overdraft service. SmarterPay™ from Fiserv can accurately assess risk while also setting defensible limits.
SmarterPay is a deposit analytics solution that helps you assess and manage risk at the account level to facilitate responsible overdraft limit-setting practices, while enabling other valuable functionality such as monitoring, account management and in-depth reporting. The solution uses a patented, risk-scoring methodology, which predicts a customer's probability of charge-off, as well as transactional information to calculate an account's capacity to repay. This ensures that both risk and affordability factor into these deposit-based risk assessment decisions, similar to how other credit products are underwritten.
The largest financial institutions in America use SmarterPay. It processes more than 50 million deposit accounts and analyzes hundreds of millions of transactions every night. No other solution provider in the industry can match our industry experience, analytical capabilities and processing capacity.
SmarterPay can be provided via ASP or licensed to your institution for on-premises or hosted deployments. The solution integrates with numerous core processing solutions, including those from Fiserv, Fidelity, Jack Henry, Hogan and others.
With SmarterPay, you can achieve the optimal balance between service, principal loss and customer retention while meeting regulatory guidelines.
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