Regions Bank selects Fiserv CheckFree RXP

Source: Regions Bank

Regions Bank (NYSE: RF) and Fiserv (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Regions will enhance its online bill pay services for customers by implementing the CheckFree RXP electronic bill payment solution from Fiserv.

"Regions Bank is committed to delivering services that make financial management easier for all of our customers. Offering easy and convenient money movement options, including effective bill pay services, is a crucial part of that equation," said Christopher Cox, executive vice president and head of Regions eBusiness. "CheckFree RXP will offer our customers a simple, integrated payment solution and strengthen our position as a central source for consumers' financial needs."

The enhanced online bill pay service combines practical features, such as recurring payment capabilities, streamlined payee setup and the ability to receive alerts, with an intuitive user interface to make it easy for consumers and businesses to maintain control over their bill payment activities. It also enables users to receive and pay e-bills, which contain all the same information as paper bills, from nearly 500 companies - including utilities, credit card issuers and mobile phone carriers - directly within their online banking service.

"With CheckFree RXP, Regions' online banking customers will experience the benefits of faster bill payments, the nation's largest e-bill network and due date processing that allows money to come out of accounts the same day the bill is paid," said Rahul Gupta, group president, Digital Payment Solutions, Fiserv. "The integration of online banking, bill pay and person-to-person payments will allow Regions to deliver a complete money movement suite through their online and mobile channels."

Upon implementation, Regions Bank consumer and small business customers will have a unified, digital money management tool powered by the bank's Corillian Online(R) banking service from Fiserv, coupled with both CheckFree RXP and the bank's existing Popmoney(R) powered person-to-person payments service. 

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