TD Bank, one of the 10 largest banks in the U.S., has expanded its 15-year relationship with Fiserv with the selection of the company's CheckFree RXP solution, which will enable electronic bill payment for the bank's consumer and small business customers.
CheckFree RXP will allow TD Bank customers to receive e-bills from more than 400 national and local companies directly within their online banking service. Next business day delivery is available with most payments.
In conjunction with CheckFree RXP, the bank will implement FraudNet from Fiserv, an automated fraud detection system. TD uses additional Fiserv solutions that include ACH processing, loan servicing, credit processing and cash forecasting.
"CheckFree RXP will bring in-demand payment options to TD Bank customers, giving them control of how and when their bills are paid," said Rahul Gupta, group president of digital payment solutions at Fiserv. "The integration of the service into the bank's existing online banking solution will make bill payment even more convenient and accessible for users."
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