Fiserv has upgraded CheckFree RXPSM, an online bill payment services platform, with features aimed to increase consumer usage of online billing and payment.
According to Fiserv, the new features, which include a bill pay widget, a tool for managing fee-based payments, and enhanced electronic bill activation and storage are being deployed via ‘Feature Packs’. Feature Pack updates are deployed centrally and enable the implementation of new functions ensuring that the Fiserv network of financial institutions, billers and their customers have access to the most up-to-date online bill payment capabilities, added the company.
The bill pay widget allows consumers to schedule bill payments from the bank or credit union’s online banking home page. The widget is a display of key criteria, including the biller to be paid, the pay date and the amount, which allows a user to make a payment to any biller they have previously paid.
The company said that the widget can be integrated into any page within the online banking service, enabling consumers to schedule a payment through the widget directly rather than visiting a dedicated bill payment page.
In order to facilitate the management of various fee-based payments, such as overnight checks, a fee manager feature is being added to CheckFree RXP. Fee Manager allows a financial institution’s customer base to be segmented into tiers, each of which can be assigned service pricing at a level appropriate to their relationship with the bank.
Erich Litch, senior vice president and general manager of Consumer Services at Fiserv, said: “Enabling consumers to easily sign up for e-bills within the process of adding a new biller can remove some of the confusion and barriers to adoption and streamline the activations of e-bills.”
