TD Bank Enhances Online Money Movement Services With Addition of Popmoney and TransferNow from Fiserv
- New services make person-to-person payments and account-to-account transfers more convenient for TD Bank online banking customers
- Popmoney enables customers to send money to or receive money from family, friends and others directly from their eligible TD Bank account
- Customers can easily and securely transfer money to or from their own non-TD Bank accounts with TransferNow
Brookfield, Wis., March 18, 2014 – Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that TD Bank, America's Most Convenient Bank®, has expanded their online money movement options through the addition of the Popmoney® personal payment service and TransferNow® online funds transfer service. TD Bank online banking customers now have more ways to easily and securely send, receive and transfer money directly from their bank accounts.
Popmoney enables customers to send money to almost anyone they know or owe using the recipient’s name and email address or mobile phone number, eliminating the hassles of cash or checks. Customers can also request and receive money directly into their TD Bank accounts. TransferNow offers customers a way to transfer funds to or from their own non-TD Bank accounts, making overall funds management easier by eliminating extra steps involved in withdrawing and depositing money at different banks.
Person-to-person payments and transfers are available to and from U.S.-based bank accounts. Both services are part of the Fiserv suite of digital money movement solutions, which also includes the CheckFree® RXP® bill payment service utilized by the bank.
“Giving our customers the services they need and want is an integral part of TD’s commitment to providing legendary banking experiences,” said Rizwan Khalfan, senior vice president, Digital Channels, TD Bank Group. “Popmoney and TransferNow allow our customers to move money conveniently and securely, which makes their financial lives easier.”
According to the 2013 Fiserv “How People Pay Each Other” survey, 60 percent of U.S. consumers with Internet access make a payment at least once a month using a laptop or desktop computer, and 79 percent said they would be open to using a person-to-person payment service from their bank.
“When it comes to sending and receiving money, consumers naturally turn to their bank,” said Tom Allanson, division president, Electronic Payments, Fiserv. “Fiserv offers a complete suite of money movement options designed to integrate with a bank’s digital channels. With the addition of Popmoney and TransferNow TD Bank is stepping up to meet growing consumer demand for these capabilities, which complement increasingly connected consumer lifestyles.”
In addition to Popmoney, TransferNow and CheckFree RXP, TD Bank also uses Corillian® Online from Fiserv for online banking.
*Terms and Conditions Apply. Popmoney® personal payment services offered at Popmoney.com are provided by or through CheckFreePay Corporation, a licensed money transmitter, and/or its affiliate CheckFreePay Corporation of New York, which is licensed and regulated as a Money Transmitter by the New York State Department of Financial Services, each of wholly owned subsidiary of Fiserv, Inc.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.
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