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Fiserv (FISV) Gets Digital Payments Contract with Zions Bancorp (ZION)

December 14, 2011 9:06 AM EST
FISV Hot Sheet
Overall Analyst Rating:
    BUY (Down Down)

EPS Growth %: +17.6%
Fiserv, Inc. (Nasdaq: FISV), announced that Zions Bancorporation (Nasdaq: ZION), has selected Fiserv to support multi-channel digital payments for retail and business customers. The banking company will utilize the CheckFree RXP suite from Fiserv for electronic bill (e-bill) delivery, payments and transfers and ZashPay for person-to-person payments, providing customers with convenient, integrated money movement options. These services will also serve as the foundation for expanded money movement capabilities as the market and consumer expectations evolve, enabling consumers to send money where they want, when they want.

The addition of these new services represents an expansion of the Fiserv and Zions Bancorporation relationship, as the banking company already utilizes Fiserv services including account processing, ACH processing and remittance.


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