Essential bill information, such as the company to be paid and the amount due, is captured by taking a picture of a paper bill and then used to automatically populate the appropriate fields on the smartphone screen. Snap-to-Pay leverages mobile imaging technology from cloud platform provider Top Image Systems (TIS), which enables mobile devices such as smartphones and tablets to capture information from documents of different types and sizes.
Snap-to-Pay allows consumers to set up a new biller to be paid, pay their bill and enroll in electronic bill presentment if they would like to have future bills delivered to their account as electronic bills.
Mobile Direct: Snap-to-Pay, available in the Mobile Direct app, enables smartphone users to take a picture of their bill to make a bill payment to the biller or to sign up to receive electronic bills from the biller. In addition, users can take a picture of the payment method, such as a cheque or credit card, further streamlining the bill payment experience.
The Snap-to-Pay functionality is also set to be available via Fiserv’s Mobiliti, a mobile banking, alerting and payments service. Snap-to-Pay is initially available to Mobiliti Enterprise clients, with plans to integrate the functionality into additional versions of the product.
Fiserv is a technology provider serving the financial services industry, focused on payments, processing services, risk and compliance, customer and channel management, and business insights and optimisation.
In recent news, Fiserv has been selected by Pinnacle Bank for its Precision bank platform with outsourced processing.
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