TD Bank Chooses CheckFree RXP from Fiserv
CheckFree RXP will bring new bill payment features and enhanced
convenience to the bank's nearly 8 million customers
Customers will be able to receive data fed e-bills from more than 400
companies, receiving bills online right where they pay them
CheckFree RXP will integrate with the bank's current online banking
service from Fiserv, making bill payment even more accessible to
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial
services technology solutions, announced today that TD Bank, America's
Most Convenient Bank® and one of the 10 largest banks in the
U.S., has selected CheckFree® RXP® from Fiserv to
enable electronic bill payment for consumer and small business
customers. CheckFree RXP will provide TD Bank customers with more
control over their bill payment tasks and will enable them to receive
e-bills from more than 400 national and local companies directly within
their online banking service.
Continually advancing the digital channel capabilities customers want is
an integral part of the TD Bank commitment to be America's Most
Convenient Bank. With CheckFree RXP, TD Bank customers will have access
to the industry leading Fiserv electronic billing and payment network,
which enables next business day delivery of most payments. These
user-focused capabilities, as well as integration into the bank's
existing online banking service, were key factors in the bank's
selection of CheckFree RXP.
"CheckFree RXP will bring in-demand payment options to TD Bank
customers, giving them control of how and when their bills are paid,"
said Rahul Gupta, group president, Digital Payment Solutions, Fiserv.
"The integration of the service into the bank's existing online banking
solution will make bill payment even more convenient and accessible for
CheckFree RXP enables bill payment for tens of millions of consumers and
is offered by 3,800 financial institutions, a number that increases each
month. The service combines practical features, such as expedited and
recurring payment capabilities and the ability to receive alerts, with
an intuitive user interface to make it easy for consumers and businesses
to maintain control over their bill payment activities. The majority of
payments scheduled through the service can be delivered electronically
the next business day, which adds flexible payment options for consumers
and improves operational efficiency for financial institutions and
billers. Users can also receive and pay e-bills, which contain all the
same information as paper bills, from more than 400 common household
billers such as utilities, credit card issuers and mobile phone
carriers, through the service.
CheckFree RXP is routinely updated by Fiserv via centrally deployed
"Feature Packs", ensuring that TD Bank and their customers will have
ongoing access to the most up-to-date payment capabilities.
In conjunction with CheckFree RXP the bank will implement FraudNet™
from Fiserv, an automated fraud detection system, to mitigate the risk
of fraudulent transactions. The selection of CheckFree RXP represents an
expansion of the more than 15 year relationship between Fiserv and TD
Bank. In addition to online banking, the bank utilizes multiple Fiserv
solutions including ACH processing, loan servicing, credit processing
and cash forecasting.
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry. Fiserv is driving innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For six of the past
eight years, Fiserv ranked No. 1 on the FinTech 100, an annual
international listing of the top technology providers to the financial
services industry. For more information, visit www.fiserv.com.
Ann S. Cave
Manager, Public Relations
Director, Public Relations
Source: Fiserv, Inc.
News Provided by Acquire Media
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