Harland Financial Solutions has announced it is expanding its current line of electronic funds transfer (EFT) products and services to include card services, while simultaneously adding a new electronic bill presentment and payment offering.
The announcement comes on the heels of its recently released DPXPay P2P product, rounding out the company's efforts to become an industry-leading payments provider.
Under a strategic alliance with Cincinnati, Ohio-based Vantiv (NYSE:VNTV), Harland Financial Solutions' expanded line of EFT products now includes credit card, ATM and debit processing, merchant services, rewards and fraud prevention. Added servicing capabilities include pre-paid and gift cards, card personalization, debit PIN processing through the Vantiv-owned Jeanie® network, cardholder eServices and more. The adoption of these services by financial institutions will empower them to provide value-added products to their retail and commercial customers, thereby strengthening relationships and potentially capitalizing on opportunities to enhance non-interest income.
Additionally, under a strategic alliance with New York City-based Transactis, Inc., Harland Financial Solutions has expanded its bill payment capabilities. Harland Financial Solutions currently delivers Cavion® Bill Pay as part of its Cavion suite of self-service solutions. The addition of the biller direct eBill Presentment & Payment offering enables financial institutions to support their small- to mid-size business customers with the ability to transform paper-based bills, payments and marketing into smarter, more efficient and environmentally friendly ACH, debit and credit card transactions. eBill Presentment & Payment is designed for both B2C and B2B applications with such features for B2B as daily accounts receivables reconciliation and invoice dispute management. For B2C applications, features include push-billing, biller branding and flexible recurring payment options.
"In a continually evolving market where consumers have come to expect added conveniences, it is more important than ever for financial institutions to offer the most robust electronic payment services in order to increase 'stiickiness' and customer loyalty. We believe by expanding our payments suite to include these best-of-breed products and services, our clients can leverage them to improve their offerings to retail and commercial clients, while potentially profiting from increased income," said Raj Shivdasani, president and CEO of Harland Financial Solutions.