TD Bank Enhances Online Money Movement Services with Addition of Popmoney and TransferNow from Fiserv
255 Fiserv Dr.
Brookfield, WI, 53045
Press release date: March 18, 2014
• New services make person-to-person payments and account-to-account transfers more convenient for TD Bank online banking customers
• Popmoney enables customers to send money to or receive money from family, friends and others directly from their eligible TD Bank account
• Customers can easily and securely transfer money to or from their own non-TD Bank accounts with TransferNow
Brookfield, Wis.– Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that TD Bank, America's Most Convenient Bank®, has expanded its online money movement options through the addition of the Popmoney® personal payment service* and TransferNow® online funds transfer service. TD Bank online banking customers now have more ways to easily and securely send, receive and transfer money directly from their bank accounts.
Popmoney enables customers to send money to almost anyone they know or owe using the recipient's name and email address or mobile phone number, eliminating the hassles of cash or checks. Customers can also request and receive money directly into their TD Bank accounts. TransferNow offers customers a way to transfer funds to or from their own non-TD Bank accounts, making overall funds management easier by eliminating extra steps involved in withdrawing and depositing money at different banks.
Person-to-person payments and transfers are available to and from U.S.-based bank accounts. Both services are part of the Fiserv suite of digital money movement solutions, which also includes the CheckFree® RXP® bill payment service utilized by the bank.
"Providing customers with the services they need and want is an integral part of the TD Bank commitment to be America's Most Convenient Bank," said Spencer Jones, Head of Digital Channels, TD Bank. "Popmoney and TransferNow allow customers to move money conveniently and securely, which makes their financial lives easier."
According to the 2013 Fiserv "How People Pay Each Other" survey, 60 percent of U.S. consumers with Internet access make a payment at least once a month using a laptop or desktop computer, and 79 percent said they would be open to using a person-to-person payment service from their bank.
"When it comes to sending and receiving money, consumers naturally turn to their bank," said Tom Allanson, division president, Electronic Payments, Fiserv. "Fiserv offers a complete suite of money movement options designed to integrate with a bank's digital channels. With the addition of Popmoney and TransferNow, TD Bank is stepping up to meet growing consumer demand for these capabilities, which complement increasingly connected consumer lifestyles."
In addition to Popmoney, TransferNow and CheckFree RXP, TD Bank also uses Corillian® Online from Fiserv for online banking.
*Terms and Conditions Apply. Popmoney® personal payment services offered at Popmoney.com are provided by or through CheckFreePay Corporation, a licensed money transmitter, and/or its affiliate CheckFreePay Corporation of New York, which is licensed and regulated as a Money Transmitter by the New York State Department of Financial Services, each of wholly owned subsidiary of Fiserv, Inc.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or "the Bank"). TD is the sixth largest bank in North America by branches and serves over 22 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth, TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bank, TD Auto Finance U.S., and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with approximately 8 million active online and mobile customers. TD had CDN$862.0 billion in assets on October 31, 2013. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.
255 Fiserv Dr.
Brookfield, WI 53045
Director, Public Relations