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Fiserv Launches New Online Payment Widget

Fiserv, a global provider of financial services technology solutions, has launched a new bill payment widget that enables consumers to pay bills from within their online banking homepage.

The widget is now available to financial institutions that use the company’s CheckFree RXP online bill payment service. The bill payment widget is also being deployed through the new versions of the company’s Corillian Online and eCom online banking solutions.

The bill pay widget is designed to increase consumer usage of online bill payment by increasing the visibility of the service within the user interface and adding to the overall convenience and functionality of online banking.

A condensed display of payment criteria that can be integrated into any page within the online banking service, the widget enables consumers to schedule transactions without visiting a dedicated bill payment page. The widget allows users to make payments quickly by displaying only information essential to the transaction, including the bill to be paid, the pay date and the amount.

Jamie Deterding, senior vice president of bank solutions at Fiserv, said: “Fiserv research has consistently shown that consumers who use online banking and bill payment are more loyal and profitable for the financial institution, and these benefits increase with each additional bill paid online.

“The average online banking user logs into the service 15 times per month, and the payment widget makes bill payment more easily accessible during these frequent visits. This improved accessibility leads to improved convenience for consumers, which can result in substantial increases in adoption and usage of the service.”