Fiserv, a US financial services technology provider, have announced the launch of ‘Snap-to-Pay’, an application which allows customers to pay bills through a snap of their smartphone camera.
The capability integrates technology from UK enterprise content management (ECM) solutions company, Top Image Systems (TIS).
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Customers will be able to programme a new payment, settle their bill, and set up electronic bill presentment if they wish future invoices to be delivered as e-bills.
Fiserv have said the system is devised as a timesaver, allowing clients to capture all necessary invoice information, from the payee name to the amount due, by taking a picture of the paper receipt.
The Snap-to-Pay application will then automatically fill-in the relevant by leveraging TIS’s mobile imaging technology, avoiding the hassle and errors associated with typing large amounts of information into a keypad, according to Fiserv.
Ginger Schmeltzer, senior vice president of emerging payments, said: "It’s important that we make the end user mobile payment experience easy and friction-free in order to drive adoption, and capturing bill information with Snap-to-Pay is an embodiment of this concept."
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