TD Bank selects Fiserv’s solution for electronic bill payments

Giving customers control over their bill payment tasks

TD Bank has selected CheckFree RXP, from financial services technology solutions provider, Fiserv, to enable electronic bill payments for consumers and small business customers (view press release).  Through the deal, Fiserv aims to provide its customers with more control over their bill payment tasks, while enabling them to receive e-bills from around 400 national and local companies directly within their online banking service. The CheckFree RXP solution combines ‘practical’ features, such as expedited and recurring payment capabilities and the ability to receive alerts, with a user interface designed to make it easier for consumers and businesses to maintain control over their bill payment activities. Most payments scheduled on the service can be delivered electronically the next business day, adding flexible payment options for consumers and improve operational efficiency for financial intuitions and billers.

“CheckFree RXP will bring in-demand payment options to TD Bank customers, giving them control of how and when their bills are paid,” said Rahul Gupta, group president, Digital Payment Solutions, Fiserv. “The integration of the service into the bank’s existing online banking solution will make bill payments even more convenient and accessible for users.”

TD Bank will also implement Fiserv’s FraudNet, an automated fraud detection system, to mitigate the risk of fraudulent transactions.

Related reading

A hand holding a smartphone with $ icons on the screen, which is visually connected to a network of little people around it

Leave a comment