Fiserv Multiplies Consumer Mobile Payment Options by Combining Person-to-Person Payments and Mobile Banking

  Fiserv Multiplies Consumer Mobile Payment Options by Combining
  Person-to-Person Payments and Mobile Banking

  *The integration of Popmoney with Mobiliti brings person-to-person payments
    to the industry-leading Fiserv mobile banking platform
  *Combination of capabilities enhances the functionality of mobile banking
    while expanding the reach of the Popmoney payments network
  *Nearly 600 financial institutions are already enabling Popmoney payments
    via mobile banking

Business Wire

BROOKFIELD, Wis. -- March 6, 2013

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that it has integrated its Popmoney^®
person-to-person payments service with its widely used Mobiliti™ mobile
banking and payments platform. Person-to-person (P2P) payments can now be
initiated directly from a user’s mobile banking account, enhancing the
functionality of mobile banking by enabling consumers to pay people they know
or owe using their email address or mobile phone number. Consumers can also
manage incoming payments and review their transaction history.

“As more of our members adopt and experience the benefits of mobile banking,
they are ready to go beyond basic access to account information to use the
service in new ways,” said Donna Bland, President and Chief Executive Officer
of Golden 1 Credit Union. “The integration of Popmoney into our mobile banking
platform brings the innovative personal payments functionality that our
members are looking for to our mobile banking service.”

More than 16 billion person-to-person payments are made each year, according
to an analysis done by McKinsey & Company on behalf of Fiserv. While most of
these payments are currently made with cash or checks, electronic payments
between people, also known as “social payments,” are an emerging trend. Tablet
banking and mobile banking users have indicated that they are interested in
making these types of payments, with the April 2012 Forrester Research, Inc.
report, “US Bankers Want More From Digital Banking,” showing that 51 percent
of tablet banking users and 46 percent of mobile banking users would like to
make person-to-person payments via their devices.

As a result of the integration, Popmoney is readily available within the
Mobiliti mobile banking user interface, making it easy for users to manage
their mobile banking and payments activity from a central hub. With mobile
banking adoption surging and consumers beginning to utilize the service in
more sophisticated ways, it has become increasingly important for financial
institutions to deliver a unified set of mobile banking and payments options.
Transactional capabilities, such as the ability to deposit checks, pay bills
and make person-to-person payments, are increasingly in demand, and delivering
them drives convenience and satisfaction with the service and the financial
institution.

“As mobile bankers grow more comfortable using mobile features to conduct
banking activities, mobile money movement will increase in usage and value to
users,” writes Peter Wannemacher, analyst, eBusiness and Channel Strategy,
Forrester Research, Inc. in the April 2012 report, “2012 US Mobile Banking
Functionality Rankings.”  “In the near future, banks will differentiate by the
mobile capabilities they offer users, including P2P, expedited payments, and
the ability to manage recipients.”

In addition to enhancing the functionality of Mobiliti, the integration
expands the reach of the Popmoney network. Mobiliti is used by more than 1,300
financial institutions, and the number of consumers using mobile banking is
expanding exponentially. According to the 2012 Fiserv Consumer Trends Survey,
the number of U.S. households using mobile banking increased by 33 percent
from 2011 to 2012, to almost 25 million households.

“For many consumers, their financial institution is the ideal hub from which
to manage the many types of payments they make each month – from paying bills
to paying other people,” said Rahul Gupta, group president, Digital Payment
Solutions, Fiserv. “The integration of Popmoney with Mobiliti gives financial
institution customers another convenient way to access person-to-person
payments, which will drive adoption and use of both services.”

In addition to being available via Mobiliti, the Popmoney service is
integrated into the CheckFree^® RXP^® electronic billing and payment solution
and the Corillian Online^® and Virtual Branch^® online banking solutions from
Fiserv and is available as a standalone service.  Popmoney is offered at more
than 1,800 participating banks and credit unions, or anyone can sign-up at
Popmoney.com. Once enrolled, all a user needs is the recipient’s email address
or mobile phone number to send money straight from their checking or savings
account to the recipient’s without exchanging bank account information.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving
the financial services industry, driving innovation in payments, processing
services, risk and compliance, customer and channel management, and business
insights and optimization. For more information, visit www.fiserv.com.

FISV-G

Contact:

Media Relations:
Ann Cave
Director, Public Relations
Fiserv, Inc.
678-375-4039
ann.cave@fiserv.com
or
Additional Contact:
Wade Coleman
Director, Global Communications
Fiserv, Inc.
706-225-9233
wade.coleman@fiserv.com
 
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