U.S. Bank has selected Fiserv’s Biller Advantage, a multi-channel electronic billing and payment platform, to enable its business customers to provide electronic billing, presentment and payment (EBPP) options to their customers.
By using the platform, businesses can present e-bills to customers at the business’s website or through the more than 4,000 financial institutions that are part of Fiserv’s eBill Distribution network.
Electronic payments are accepted through a variety of channels including online, mobile, automated phone system (IVR) and customer assisted phone system (CSR).
The partnership will also provide U.S. Bank access to reseller and consumer adoption tools to assist businesses in driving end user adoption.
U.S. Bank senior vice president Sam Robb said: "Biller Advantage from Fiserv will allow us to offer a multichannel EBPP solution to our business customers – a new offering that will allow them to more efficiently send bills and quickly accept payments."