Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today the launch of its Snap-to-Pay™ capability for select Fiserv mobile banking and payments solutions, which enables consumers to pay bills quickly and easily with a snap of their smartphone cameras. Essential bill information, such as the company to be paid and the amount due, is captured by taking a picture of a paper bill, and then used to automatically populate the appropriate fields on the smartphone screen. Snap-to-Pay leverages mobile imaging technology from Top Image Systems™ (TIS™), which enables mobile devices such as smartphones and tablets to accurately capture information from documents of all types and sizes.
Snap-to-Pay allows consumers to set up a new biller to be paid, pay their bill and enroll in electronic bill presentment if they would like to have future bills delivered to their account as e-bills. Users save time and can avoid frustrating input errors because the functionality eliminates the need to tap in large amounts of information on the phone keypad, making bill payment a “snap.”
Mobile Direct: Snap-to-Pay™
Snap-to-Pay functionality will be available in October 2013 as part of Mobile Direct from Fiserv, a comprehensive mobile billing and payment solution for billers that includes apps and mobile-optimized websites. Mobile Direct: Snap-to-Pay, available in the Mobile Direct app, enables smartphone users to take a picture of their bill to make a bill payment directly to the biller or to sign up to receive e-bills from the biller. In addition, users can take a picture of the payment method, such as a check or credit card, further streamlining the bill payment experience by making it easier to quickly populate key billing and payment fields.Mobiliti: Snap-to-Pay™ The Snap-to-Pay functionality will also be available via Mobiliti™ from Fiserv, the industry leading mobile banking, alerting and payments solution used by nearly 1,600 financial institutions and millions of bank and credit union customers worldwide. Snap-to-Pay is initially available to Mobiliti Enterprise clients, with plans to integrate the functionality into additional versions of the product.