U.S. Bank, the fifth largest bank in the U.S., has added to its services the Biller Advantage product offered by Brookfield-based Fiserv Inc.
Through Biller Advantage, U.S. Bank’s small business customers will be able to offer advanced electronic billing and payment options to customers; more efficiently send bills and accept payments; and accept electronic payments through many channels. Some of the service’s capabilities were previously only available to large businesses.
“Consumers are looking for ways to simplify their finances and streamline their bill payment process. Our business customers want to meet this demand and offer consumers the best and most user-friendly billing and payment options,” said Sam Robb, senior vice president, U.S. Bank. “Biller Advantage from Fiserv will allow us to offer a multichannel (electronic billing, presentment and payment) solution to our business customers – a new offering that will allow them to more efficiently send bills and quickly accept payments. It is a complimentary extension to our existing e-payment suite of biller services.”
Small businesses can use Biller Advantage to send e-bills to customers through the business’ website or through financial institutions that are part of Fiserv’s eBill Distribution network.
“Businesses are accustomed to turning to their bank for a variety of financial needs, and looking to their bank to address their need for electronic billing and payment capabilities is a natural extension of this existing relationship,” said Rahul Gupta, group president, Billing and Payments Group, Fiserv. “Fiserv has a long-standing history with U.S. Bank, and Biller Advantage will be another way we partner together to provide the best technology solutions to their diverse customer base.”
