Strategic alliance to provide ubiquitous, frictionless
SCOTTSDALE, Ariz. & BROOKFIELD, Wis.--(BUSINESS WIRE)--
Early Warning, the industry leader in real-time payments, authentication
and risk mitigation, and Fiserv, Inc. (NASDAQ: FISV), a leading global
provider of financial services technology solutions, today announced a
strategic alliance to extend the availability of real-time
person-to-person (P2P) payments. The combination of the largest
bank-owned digital payments network with the leading provider of
financial institution based P2P services will broaden consumer access to
compelling, secure, real-time P2P payment capabilities.
The P2P payments landscape is competitive and highly fragmented. People
want to be confident that when they send money, it will get to the
intended recipient, and get there quickly. This requires reach and
connectivity across all consumers, regardless of where they bank. As the
leading full-service financial institution P2P technology provider,
Fiserv is the first to partner with Early Warning as the company drives
toward ubiquity. Together, Fiserv and Early Warning reach more than
6,000 banks and credit unions, including the 40 largest financial
institutions in the U.S. and thousands of mid-size and community
Through the collaboration, Fiserv will market Early Warning's real-time
P2P solution, expanding the reach of seamless money movement across
thousands of financial institutions and millions of people. The solution
enables financial institutions to offer consumers a safe, innovative,
real-time P2P payment experience, and helps financial institutions
remain at the center of their customers' financial lives.
"Our mission is to enable all banks and credit unions to offer a broad
range of real-time payment solutions to their customers," said Paul
Finch, CEO of Early Warning. "Our relationship with Fiserv will expand
our ability to deliver Early Warning's trusted and secure payments
solutions through financial institutions of all sizes nationwide."
Fiserv and Early Warning have a long-standing relationship, and in late
2015 announced a
partnership to facilitate real-time bill payment and deposit capabilities.
Now, in addition to its Popmoney® personal payments service,
Fiserv will offer its financial institution clients access to Early
Warning's P2P payment solution via the NOWSM Network from
Fiserv. The NOW Network connects financial institutions, billers, small
businesses and consumers to enable the exchange of money and information
instantly (or at any speed), creating an integrated payment experience.
Fiserv will be the first to provide a turnkey solution of the new Early
Warning P2P service, making participation in the network and the service
simple and feasible for financial institutions of all sizes.
"People want speed, ease and convenience, and when it comes to sending
and receiving money, they need solutions that can move funds at the
speed of life," said Mark Ernst, Chief Operating Officer, Fiserv. "It's
natural for people to turn to their bank or credit union when they want
to make a payment, and their expectations for those financial
experiences have never been greater. We are collaborating to deliver
technology solutions with a common user experience that will simplify
and accelerate everyday money movement."
In a world that is moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and work
today - financial services at the speed of life. Learn more at TheSpeedofLife.com.
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 global leader in financial services technology. Fiserv is a
FORTUNE 500 company and this year was honored to be named a FORTUNE
magazine's World'sMost Admired Company for the third consecutive year.
In 2015 the company was recognized among Forbes magazine's America's
Best Employers. For more information, visit Fiserv.com.
About Early Warning
Early Warning is creating the future of payments by delivering
innovative payment and risk solutions to financial institutions
nationwide. For over 25 years, Early Warning has been a leader in
financial technology that protects and advances the global financial
system. Learn more at www.earlywarning.com.
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Source: Fiserv, Inc.
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