The new solution will leverage to receive e-bills from more than 400 national and local companies directly within their online banking service, the bank said.
The bank has also chosen the tool due to its user-friendly capabilities, as well as integration into the bank’s existing online banking service.
Fiserv digital payment solutions group president Rahul Gupta said CheckFree RXP will bring in-demand payment options to TD Bank customers, giving them control of how and when their bills are paid.
"The integration of the service into the bank’s existing online banking solution will make bill payment even more convenient and accessible for users," Gupta added.
The electronic e-payment gateway sends alert of every transaction, in order to thwart any security breach and un-authorized transaction.
Additionally, Fiserv routinely updates CheckFree RXP through centrally deployed "Feature Packs", ensuring that TD Bank and their customers will have ongoing access to the most up-to-date payment capabilities.
Apart from the online payment tool, TD Bank has decided to pick up FraudNet from Fiserv, an automated fraud detection system, to mitigate the risk of fraudulent transactions.
