Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry, providing integrated technology and services that create value and results for our clients. Fiserv drives innovations that transform experiences for more than 16,000 clients worldwide.

How they describe their product/innovation: Financial institutions are challenged to meet the ticking clock of consumer expectations for a real‐time payments experience. The Popmoney personal payment service from Fiserv fulfills that need with Instant Payments, a new value-added feature offering real-time delivery of funds.

Popmoney lets people send, request, and receive money using an email address or mobile phone number. Traditionally, Popmoney has only been able to deliver payments via the ACH network, which works great for most payments. Funds settle in 1 to 3 business days.

The Instant Payments feature, which is now available for financial institutions, uses the debit card networks to deliver funds in real-time – 24/7, 365 days a year. Recipients have access to funds literally in seconds.

Product Distribution Strategy: Through financial institutions and direct-to-consumer

Contacts:

Bus. Dev.:  Timothy Ruhe, VP Bus. Dev., timothy.ruhe@fiserv.com, (o) 703-885-4208
Press: Ann Cave, Senior PR Manager Online Banking, Mobile Banking, Biller Solutions, & Walk-In Payments, ann.cave@fiserv.com
Sales: Lou Keyes, SVP Global Sales Organization, lou.keyes@fiserv.com, (o) 972-774-2898
Joel Christenson, VP Sales Mobile Solutions, (m) 210-378-0893