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U.S. Bank Renews Multiple Payment Solutions, Will Work with Fiserv to Deliver Integrated, Real-Time Payment Experience to Consumers

June 11, 2015

  • Bank signs five-year renewal for CheckFree RXP bill payment, Popmoney personal payment and TransferNow account-to-account transfer solutions
  • Companies will collaborate to deliver an integrated, real-time payment experience
  • Partnership reinforces nearly 15-year relationship between U.S. Bank and Fiserv

BROOKFIELD, Wis.--(BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, today announced that U.S. Bank, the fifth largest bank in the United States, has signed a five-year renewal for the CheckFree RXP® electronic billing and payment, Popmoney® personal payment and TransferNow® account-to-account transfer solutions.

"The Fiserv digital payment suite enables convenient and secure money movement for our customers through the online, mobile and tablet channels," said Niti Badarinath, SVP, head of omnichannel experience, U.S. Bank. "Whether people are paying bills, sending money to others or transferring funds between their own accounts, we want to provide a seamless experience that allows customers to focus on moving their money from point A to point B, without having to think about how that happens. We look forward to working with Fiserv to deliver an increasingly smart payment experience."

With this renewal, U.S. Bank customers will continue to benefit from CheckFree RXP, a comprehensive and intuitive electronic billing and payment solution, Popmoney, which makes it easy for consumers to pay other people from their bank account using a recipient's email address or mobile phone number, and TransferNow, which enables customers to transfer funds to or from their own accounts at U.S. Bank or other financial institutions. These money movement capabilities are foundational elements of the real-time enabled Fiserv payments network.

"Robust payment capabilities enhance the value of a financial institution relationship because these capabilities empower consumers to handle the financial tasks that permeate their lives," said Kevin Schultz, president, Digital Banking, Fiserv. "When it comes to digital banking and payments, people expect ease, convenience and speed. With its renewal of these strategic services U.S. Bank is reinforcing its commitment to delivering the very latest in payments to their customers."

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About U.S. Bancorp

U.S. Bancorp (NYSE:USB), with $410 billion in assets as of March 31, 2015, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The company operates 3,172 banking offices in 25 states and 5,016 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

About Fiserv

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.

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Media Relations:
Ann Cave
Director, Public Relations
Fiserv, Inc.
678-375-4039
ann.cave@fiserv.com
or
Additional Contact:
Elizabeth McMillan
Director, Corporate Communications
Fiserv, Inc.
678-375-1119
elizabeth.mcmillan@fiserv.com

Source: Fiserv, Inc.

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