NEW YORK - Fiserv Inc. is now exchanging checks with Bank of America through Viewpointe, provider of check-image exchange and archive services in the United States.
According to a news release, the agreement enables B of A to connect to thousands of endpoints on the Fiserv Clearing Network, while allowing other Fiserv customers to exchange images directly with B of A.
"Fiserv has invested significantly in moving the industry toward full check electronification," said Tom Warsop, Fiserv group president for financial institutions. "By partnering with key industry players such as Viewpointe and Bank of America, and establishing the Fiserv Clearing Network, we can expand our image and clearing services between thousands of our bank clients and other large volume banks."
Fiserv and Viewpointe worked together to develop technology and infrastructure that integrates Viewpointe's Pointe2Pointe solution.
"Viewpointe is a key partner in our efforts to greatly improve our efficiencies and is committed to bringing exchange partners together for further industry interoperability," said John Feldman, image and electronic payment services executive for B of A.
Viewpointe's Pointe2Pointe solution helps financial organizations take a strategic step toward reducing the financial and logistical burdens associated with processing paper-based checks.
