Financial services technology company Fiserv and bank-owned risk management provider Early Warning are partnering to add scale for deposit accounts and bill payment services.
Brookfield, Wis.-based Fiserv will couple its NOW Network electronic bill payment service with Scottsdale, Ariz.-based Early Warning's accounts management and authentication product to customers who are enlisted on either platform.
Combined, the two companies will offer real-time, payment, deposit and account verification to customers at more than 6,000 banks and credit unions in the U.S., covering up to 75% of U.S. deposit accounts, according to Fiserv.
The companies will pilot the partnership in early 2016 with financial institutions, processing payments and deposits of mortgage, credit card and other bills. Fiserv’s own 5,300 account processing clients will also be able to use Early Warning's instant funds availability and bill payments authentication services.
Fiserv and Early Warning will then roll out the expanded services to the general public later in the year.
Early Warning recently purchased clearXchange, the bank-owned account to account payment service, also with an eye on adding scale among banks for mobile commerce.
This article first appeared in PaymentsSource.