SmarterPay™ Express from Fiserv delivers a next-generation overdraft limit solution, engineered to balance the rewards of providing good customer service against the risk of principal charge-off. This secure hosted solution is designed for community banks and credit unions that want robust over-draft functionality without the expense of onsite hosting and support.
SmarterPay Express from Fiserv can predict the trends that lead to charge-off with your customer accounts, empowering you to take action before it occurs, while achieving a balance within your overall risk profile. SmarterPay Express also gives you analysis capabilities down to the account level, delivering vital real-time information about each account holder's capacity to repay. Using critical data elements identified from over 300 account-level predictive variables and customer behaviors, the solution provides each account with the appropriate limit by balancing liquidity needs with risk. As a result, an optimum point is found between balancing principal loss, revenue and account retention.
- Robust regulatory solution that creates a defensible overdraft limit assignment
- Intuitive overdraft limit capabilities delivered and supported in a Fiserv-secure ASP environment – perfect for community banks and credit unions
- Intuitive combination of a risk model with a capacity to repay
- The overdraft software's complex patented algorithms use a wide range of predictive variables uncovered in extensive, targeted studies by Fiserv consultants
- Overdraft program that includes letter and email communications for expedited customer notification