BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that a new charitable giving
feature has been added to the Popmoney® personal payment
service, enabling consumers to donate to hundreds of charities directly
from their online or mobile banking account. United Way, the largest
privately supported nonprofit in the world, is one of the first national
charities accepting donations through the service.
"Popmoney provides our donors with an easy, convenient way to contribute
to United Way," said Paul DeBassio, Executive Vice President, Investor
Relations, United Way Worldwide. "Digital donations are in sync with
people's fast-paced, modern lifestyles, and eliminate the hassles of
writing a check or filling out and mailing in a form."
Using Popmoney, consumers can quickly and conveniently donate to the
United Way or another participating nonprofit organization, which can be
identified using a search feature within the service. Transactions are
processed using bank-grade technology that helps keep the transfer
secure. Because donations are made directly from the donor's online or
mobile banking account, they do not have to share their account
information with the charity, further enhancing security.
For charities, contributions received using Popmoney are more convenient
to process than checks, and more cost-effective than card payments.
Consumers that send donations using the Popmoney charitable giving
feature receive from the charity a record of their electronic
transactions to be used for tax purposes, an important consideration for
According to the National Philanthropic Trust, individuals in the U.S.
make 2.6 billion charitable donations each year, donating more than $241
"The 2014 Fiserv Consumer Trends Survey revealed that consumers have a
real appetite for utilizing person-to-person payment services for
charitable donations, with 38 percent of respondents who had used such a
service saying they had used it to make a donation in the past year,"
said Tom Allanson, president, Electronic Payments, Fiserv. "Consumers
are looking for easier, faster ways to complete tasks in their
day-to-day life, including donating to their charity of choice, and
Popmoney makes this possible."
Popmoney is offered at Popmoney.com, through apps for iPhone, Android
and Windows Phone, as well as through the online or mobile banking sites
of more than 2,400 financial institutions. Users only need a recipients'
name and phone number or email address to send funds.
The Popmoney charitable giving feature is currently available at
Popmoney.com. Nonprofit organizations interested in accepting donations
via Popmoney can visit www.popmoney.com/charity.html
for more information.
Fiserv also recently launched Popmoney® for Disbursements, a
service that streamlines, electronifies and speeds the currently
check-dominated process used by businesses to send payments to consumers.
Fiserv, Inc. (NASDAQ: FISV) enables clients to achieve best-in-class
results by driving quality and innovation in payments, processing
services, risk and compliance, customer and channel management, and
business insights and optimization. For more than 30 years, Fiserv has
been a leader in financial services technology, and today is among
FORTUNE® magazine's World's Most Admired Companies and Forbes
magazine's America's Best Employers. For more information, visit www.fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150709005455/en/
Director, Public Relations
Source: Fiserv, Inc.
News Provided by Acquire Media