Fiserv announced a partnership with payments provider Early Warning Systems that extends the availability of real-time, person-to-person payments through Fiserv’s Popmoney service.
Through the collaboration, the Brookfield, Wis.-based Fiserv will market Early Warning’s real-time P2P solution. The solution allows financial institutions to offer consumers a safe, real-time P2P payment experience.
Fiserv and Early Warning, based in Scottsdale, Ariz., reach more than 6,000 credit unions and banks, including the 40 largest financial institutions in the U.S. and thousands of mid-size and community financial institutions.
“Our mission is to enable all banks and credit unions to offer a broad range of real-time payment solutions to their customers,” Paul Finch, CEO of Early Warning said. “Our relationship with Fiserv will expand our ability to deliver Early Warning’s trusted and secure payments solutions through financial institutions of all sizes nationwide.”
In late 2015, Fiserv and Early Warning announced a partnership to facilitate real-time bill payment and deposit capabilities. Now, in addition to its Popmoney personal payments service, Fiserv will offer its clients access to Early Warning’s P2P payment solution via the NOWSM Network from Fiserv.
The NOW Network connects financial institutions, billers, small businesses and consumers to enable the exchange of money and information whenever customers want, creating an integrated payment experience.
“People want speed, ease and convenience, and when it comes to sending and receiving money, they need solutions that can move funds at the speed of life,” Fiserv COO Mark Ernst said. “It’s natural for people to turn to their bank or credit union when they want to make a payment, and their expectations for those financial experiences have never been greater. We are collaborating to deliver technology solutions with a common user experience that will simplify and accelerate everyday money movement.”
