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Fiserv launches P2P payment service
BROOKFIELD, Wis. (11/10/09)--Fiserv Inc. announced plans for a new personal payments service to allow individuals to send or receive money person-to-person using their existing online banking relationship. The service will be available initially to Fiserv clients using the CheckFree RXP online bill pay platform during the first half of 2010. More than 3,100 financial institutions--including credit unions--can use the service through the Fiserv online payment network. Consumers can send money to any recipient using an e-mail address or mobile phone number. Payments are deposited into a recipient’s account and confirmation of payment is sent to the recipient’s e-mail address or mobile number. Payments will be processed through Fiserv’s payment network. “Consumers are showing an increasing preference for managing their finances online, and it is natural for them to turn to their trusted financial institution for any payment service, whether it is a bill payment or a personal payment,” said Erich Litch, Fiserv senior vice president and general manager of consumer services. Fiserv, Brookfield, Wis., provides financial services solutions such as payment technologies to financial institutions, including credit unions.


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