Regions bank to utilise Fiserv money movement solution

Fiserv, Inc. has announced  that Regions Bank will expand their digital money movement capabilities with the addition of person-to-person payment and account-to-account transfer solutions from Fiserv.

“From sending money to a kid in college to making sure there is enough money in your account to cover a bill payment, there are so many everyday tasks that involve moving money,” said Andy Hernandez, head of eBusiness at Regions Bank. “By enhancing the speed and convenience of person-to-person payments and account-to-account transfers, Regions can continue to make banking easier for our customers.”

The addition of Turnkey Service for Zelle® and TransferNow® to the bank’s current CheckFree® RXP® electronic billing and payment platform from Fiserv means the bank can offer a seamless experience across payment types.

Zelle is a P2P network offered by Early Warning and allows for funds to be sent from one bank account to another, typically in minutes when both parties are enrolled in Zelle, using only a recipient’s email address or mobile number. Turnkey Service for Zelle from Fiserv allows consumers to make fast, safe and easy P2P payments directly from their online banking sites and mobile banking apps.

TransferNow from Fiserv offers customers a way to transfer funds to or from their own non-Regions Bank accounts, making overall funds management easier by eliminating extra steps involved in withdrawing and depositing money at different banks.

“Consumer expectations for quick, simple and seamless money movement are advancing faster than ever before,” said Tom Allanson, president, Electronic Payments, Fiserv. “Regions Bank is delivering a holistic set of capabilities that makes it easy for their customers to move and manage their money in a way that fits their life.”