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July 2, 2019

Fiserv enables bill payments through mobile wallet

Fintech firm Fiserv has launched Mobile Bill Presentment technology, which will enable delivery and payment of bills via mobile wallets.

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With the new technology, companies can send bills to customers on their mobile wallet.

Customers are also reminded of timely bill payments through alerts and notifications.

Customers will not have to download any app to utilise the new offering.

The bills are updated automatically in the wallet every billing cycle, with customers offered a link for bill payment.

In announcing the new service, Fiserv cited an internal survey carried out last year.

According to the study, the most common activity while visiting a biller’s website through a mobile platform is bill payment.

Fiserv senior vice president, Product Management & Strategy, Biller Solutions Rob Houser said: “People are using their mobile wallets to store and access boarding passes, concert tickets, store discounts, and loyalty rewards, in addition to using them to pay at major retailers.

“With continued growth in all things digital, people expect information to be one tap away, and this includes access to their bills. Mobile Bill Presentment accommodates this growing expectation and lets companies put their customers’ bills where they want to pay them — on their smartphones.”

Notably, Fiserv announced the acquisition of payment processor First Data in a $22bn deal this January.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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