Citizens Bank, Fiserv prolong payment solutions agreement
The seven-year deal applies to Fiserv payment and account transfer solutions that include CheckFree RXP, Popmoney and TransferNow.
Financial services technology provider Fiserv Inc. and Citizens Bank, a Rhode Island-based FI with $132.9 billion in assets, have extended the agreement under which Fiserv provides digital payment capabilities to the FI. The new seven-year deal includes CheckFree RXP, Popmoney and TransferNow, as well as the small business versions of each of these services.
"Our customers have told us that they want to be able to bank when, where and how they want, and we want our customers to have the best capabilities available," said Michael Cleary, head of distribution and executive vice president at Citizens Bank. "Fiserv provides us with payment capabilities that allow our retail and small business customers to securely move money where and when they want."
CheckFree RXP offers Citizens Bank customers the ability to receive and pay electronic bills from hundreds of billers. Popmoney facilitates person-to-person payments from the customer's account using a recipient's name and email address or mobile phone number. TransferNow lets customers transfer funds to or from their own non-Citizens accounts.