Fiserv To Offer Global ACH Payments Through Partnership with Earthport
Partnership will enable efficient processing and delivery of
BROOKFIELD, Wis.--(BUSINESS WIRE)--
NACHA Booth #209 — Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that it has partnered with Earthport,
a specialist in cross-border payments services, to provide a solution
for international payments processed through the automated clearing
house (ACH). This partnership will enable Fiserv clients to seamlessly
process low value, cross-border payments through PEP+®, an
online, real-time solution for originating and receiving ACH payments.
The integration of Earthport into the PEP+ solution will allow Fiserv
clients that process low value, cross-border payments to improve
efficiency, enhance customer satisfaction, lower costs to serve
customers and increase growth and reach by creating one solution for
both domestic and international cross-border payments processing.
Earthport uses an innovative payments framework specifically designed
for high volumes of low value cross- border payments that provides
access to local clearing schemes in more than 50 countries.
"PEP+ is the leading domestic ACH processor and now, with the
integration with Earthport, we will expand that reach globally," said
Rahul Gupta, president, Digital Payments Solutions Group, Fiserv. "The
commitment that we have always shown to payments within the U.S. will
now expand to cross-border ACH payments — a capability our customers
"We see increasing demand from banks' clients for cross-border payments
as a result of globalization," said Gareth Lodge, Senior Analyst,
Banking Practice, Celent. "The ability for banks to offer an increased
range of international payment options through a process that is
complementary to their domestic payments creates a strategic advantage
to the bank and allows for greater efficiencies in processing."
"Our partnership with Fiserv will deliver significant value to PEP+
clients and provide them one window for both domestic and international
low value payments processing," said Paul Thomas, executive director,
Earthport. "Regulation is demanding more transparency for cross-border
payments, and our innovative technology platform was designed from the
outset to address this requirement for cross-border corporate and
Recognized as the industry standard in ACH processing for nearly three
decades, more than 10 billion, or roughly 50 percent, of all ACH
transactions in the U.S., were processed through Fiserv technology in
Earthport plc, a regulated global financial services organization,
specializes in the provision of a white label cross-border payments
Through its innovative payments framework, specifically designed for
high volumes of low value cross-border payments, Earthport provides a
cost-effective and transparent service for secure international
payments. Earthport's clients include banks, foreign exchange
businesses, money transfer organizations, payment aggregators and
e-commerce businesses. Through Earthport's well established payments
infrastructure, clients can clear and settle payments directly to banked
beneficiaries in over 50 countries.
The company is headquartered in London and is listed on the Alternative
Investment Market (AIM) on the London Stock Exchange. It operates
globally with additional regional offices in Dubai and New York.
Earthport plc is authorized and regulated by the Financial Services
Authority under the Payment Service Regulations 2009 for the provision
of payment services. To learn more, please visit www.earthport.com
and follow us on Twitter @Earthport.
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.
Senior PR Manager
Michael S. Leavy
Zer0 to Five
Source: Fiserv, Inc.
News Provided by Acquire Media
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