Rob Houser, SVP, Product Management & Strategy, Fiserv

Fiserv has recently announced an E-wallet payment method for its consumers. This E-wallet payment system is said to bolster growth in companies’ revenue as there has been a significant change in consumer payments methods. The Fintech service provider will enable its users to transact online easily and efficiently.

Fiserv, conducted an Expectations & Experiences consumer trends survey in November 2018, which came up with a conclusion stating that “The most common activity when visiting a biller’s website via a mobile platform is paying a bill. Mobile phone bills and credit card bills are those most often paid by smartphone.”

The “Mobile bill presentment”  resource from Fiserv; is a Digital Wallet solution that allows companies to send their customers bills directly in their mobile wallet. The Wisconsin based company believes that “Mobile bill Presentment” will improve payment velocity and lower operating costs for companies while providing customers with a simple and a convenient way to receive and pay bills.

Rob Houser, Senior Vice President, Product Management & Strategy, Fiserv commented, “People are using their mobile wallets to store and access boarding passes, concert tickets, store discounts, and loyalty rewards, in addition to using them to pay at major retailers.”

Fiserv believes that this digital wallet solution is to improve the customer experience as customers can easily integrate these services with their existing payments solutions.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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