Fiserv is to offer its financial institution clients electronic bill payment services from US e-payments provider iPay.
IPay is a turnkey, outsourced solution designed to be used with any Internet banking system and includes a secure administration site, demonstrations, online enrollment, disclosure posting and custom-recorded customer service lines.
With iPay, banks can choose from three different payment systems, including classic Bill Pay-e, a traditional 'pay anybody' product and iBill Pay-e which provides e-payment availability to more than 3500 merchants.
In addition, iPay has recently introduced person-to-person and intra-bank transfer capability to its new product lines.
Kim Killingsworth, e-solutions senior vice president, Fiserv, says: "Our newly formed relationship with iPay allows financial institutions to provide an affordable and reliable electronic bill pay solution to their customers."