Regions eBusiness executive vice president and head Christopher Cox said that the new platform aims to provide easy and convenient money movement alternatives, such as effective bill pay services, which is an important part of their business equation.
"CheckFree RXP will offer our customers a simple, integrated payment solution and strengthen our position as a central source for consumers’ financial needs," Cox added.
Features include recurring payment capabilities, streamlined payee setup and the ability to receive alerts, with an intuitive user interface, which makes it easy for consumers and businesses to control their overall bill payment activities, claims Fiserv.
Using the new technology, customers can receive and pay e-bills, which contain same information as paper bills, such as utilities, credit card issuers and mobile phone carriers.
Fiserv digital payment solutions group president Rahul Gupta said, "The integration of online banking, bill pay and person-to-person payments will allow Regions to deliver a complete money movement suite through their online and mobile channels."
Following completion of deployment, a unified, digital money management tool powered by the bank’s Corillian online banking service from Fiserv coupled with CheckFree RXP and Popmoney driven person-to-person payments service will be available for customers.
With $120bn in assets, Regions bank offers consumer and commercial banking, wealth management, mortgage, and insurance products and services in 16 states across the South, Midwest and Texas.
