Real-rime payments, authentication and risk mitigation company Early Warning Services, LLC and Fiserv, Inc. (NASDAQ: FISV) have announced a strategic alliance to extend the availability of real-time person-to-person (P2P) payments. The combination of the two companies will broaden consumer access to compelling, secure, real-time P2P payment capabilities.
The P2P payments landscape is competitive and highly fragmented. People want to be confident that when they send money, it will get to the intended recipient, and get there quickly. This requires reach and connectivity across all consumers, regardless of where they bank. As the leading full-service financial institution P2P technology provider, Fiserv is the first to partner with Early Warning as the company drives toward ubiquity. Together, Fiserv and Early Warning reach more than 6,000 banks and credit unions, including the 40 largest financial institutions in the U.S. and thousands of mid-size and community financial institutions.
Through the collaboration, Fiserv will market Early Warning’s real-time P2P solution, expanding the reach of seamless money movement across thousands of financial institutions and millions of people. The solution enables financial institutions to offer consumers a safe, innovative, real-time P2P payment experience, and helps financial institutions remain at the center of their customers’ financial lives.
Paul Finch, CEO of Early Warning, commented:
Our mission is to enable all banks and credit unions to offer a broad range of real-time payment solutions to their customers. Our relationship with Fiserv will expand our ability to deliver Early Warning’s trusted and secure payments solutions through financial institutions of all sizes nationwide.”