Fiserv adds online bill payment features to CheckFree RXPSM

The new features, which include a bill pay widget, a tool for managing fee-based payments and enhanced electronic bill activation and storage capabilities, are being deployed via the so-called 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 all the updated online bill payment capabilities.

The bill pay widget allows consumers to schedule bill payments from the bank or credit unions online banking home page. The widget is a condensed display of key criteria, including the biller to be paid, the pay date and the amount, which allows a user to make a payment quickly to any biller they have previously paid. 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.

Clients of CheckFree RXP from Fiserv will be able to launch the bill pay widget in February 2010.

The CheckFree RXP overnight cheque payment option allows consumers to pay billers with which Fiserv does not have a direct electronic payment connection, such as a local insurance company or other small businesses. Upon delivery of the payment a tracking number is sent to the consumer via email for his or her records. A fee manager feature is also being added to CheckFree RXP. Fee Manager allows a financial institutions 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.

In order to encourage the use of e-bills, CheckFree RXP from Fiserv also includes a service which prompts consumers to sign up to receive an e-bill whenever they add a new biller. In order to make the use of online billing and payment more convenient, users are now also able to access 18 months of their payment history online beginning in October 2009.