BROOKFIELD, Wis. - Fiserv Inc. says its Paytraxx electronic bill-payment product has gained momentum since its launch last spring.
According to a news release, Fiserv signed 91 new financial institutions for Paytraxx in 2006.
Paytraxx streamlines operations for everything from payment funding to account enrollment through end-to-end connections to other Fiserv solutions critical to bill-payment processes.
"By collaborating and tightly integrating with our Fiserv core systems, we can offer Paytraxx clients more robust functionality than they could obtain from any other provider," said Kim Killingsworth, senior vice president and general manager for Paytraxx. "Our clients get an integrated solution, from a single provider, while maximizing the technology investment they have already made."
Information housed within the Paytraxx system is available to Paytraxx clients and can be integrated with customer relationship management or other management information systems to facilitate cross-marketing campaigns, profitability analysis and other client initiatives.
The Paytraxx allows FIs to control user access, manage payment limits, generate reports, review enrollment history, review payments and alert history, and communicate securely with customers via a Web-based interface.
