The enhanced online bill pay service combines features, such as recurring payment capabilities, payee setup and the ability to receive alerts, with a user interface to allow consumers and businesses to maintain control over their bill payment activities. It also enables users to receive and pay e-bills, which contain the same information as paper bills, from companies including utilities, credit card issuers and mobile phone carriers directly within their online banking service.
Upon implementation, Regions Bank consumer and small business customers will have a unified, digital money management tool powered by the bank’s Corillian Online banking service from Fiserv, coupled with both CheckFree RXP and the bank’s existing Popmoney powered person-to-person payments service.
In recent news, Fiserv has unveiled that the number of mobile bill payment transactions processed through its biller direct solutions and MyCheckFree website, a direct to consumer payment portal, tripled within the past 24 months, rising from about 4 percent of bill payment transactions to about 15 percent.
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