Fiserv,
Inc. (NASDAQ:FISV), the leading global provider of financial
services technology solutions, today announced that BBVA
Compass has renewed its contract for CheckFree®
RXP®. The agreement enables BBVA Compass, a Sunbelt-based
financial institution that ranks as the fifteenth largest U.S.
commercial bank based on deposit market share, to continue to provide
both consumer and small business customers with user-friendly online
billing and payment services. BBVA Compass will also continue to utilize FraudNet?
from Fiserv, an automated fraud detection system that mitigates the risk
of fraudulent online transactions.
?The online channel has become the foundation of many customers'
relationships within the banking industry, and that makes providing
comprehensive, secure and intuitive online banking and bill payment a
priority,? said Andy Hernandez, executive vice president and director,
Channel Development, BBVA Compass. ?Fiserv sets the standard for online
banking and bill payment, delivering timely, well-designed
functionalities that enable us to provide our customers a premier
experience.?
More than 80 percent of BBVA Compass customers who opened a new account
in 2009 enrolled in CompassPC® Online Banking, and the
majority of those customers also enrolled in online bill payment.
?Fiserv has a long-standing history of delivering best-in-class
technologies for BBVA Compass as the banking franchise has grown and
expanded into seven states,? said Todd Lesher, division president,
Electronic Banking Services, Fiserv. ?By extending the contract for
CheckFree RXP, BBVA Compass further strengthens its online channel, and
reinforces its commitment to its customers, knowing Fiserv solutions
will continue to evolve along with the industry for years to come.?
According to an October 2009 Aite Group report, Fiserv supports online
bill payment services for 76 percent of the consumers who pay bills
online through their financial institution, and delivers 93 percent of
the electronic bills received through the online banking channel.
Fiserv continues to enhance CheckFree RXP, based on extensive consumer
research and usability testing, to help companies like BBVA Compass grow
their online user base. CheckFree RXP is updated through ?Feature
Packs,? regularly scheduled additions that automatically ensure the
Fiserv network of financial institutions and their customers have
immediate access to the most up-to-date online payment tools. The latest
enhancements include: a bill pay ?widget? that enables customers to
schedule a payment directly from the online banking homepage rather than
visiting a dedicated bill payment page, streamlined activation of
electronic bills, and a person-to-person
payment option.
About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 724
branches including 387 in Texas, 92 in Alabama, 65 in California, 77 in
Arizona, 45 in Florida, 36 in Colorado and 22 in New Mexico. BBVA
Compass is the 15th largest U.S. commercial bank based on deposit market
share and ranks among the largest banks in Alabama (3rd), Texas (4th)
and Arizona (5th). For the second consecutive year, BBVA Compass was
named as a ?Lender of the Year? by the Small Business Administration
(SBA). Additional information concerning BBVA Compass can be found on
our website www.bbvacompass.com.
BBVA Compass is a subsidiary of Compass Bancshares, Inc., a wholly owned
subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a financial
services group with more than $765 billion in total assets, 48 million
clients, 7,500 branches and approximately 104,000 employees in more than
30 countries. BBVA ranks among the top 20 largest financial institutions
in the world based on market capitalization and 20th in Global Finance
magazine's list of the ?World's 50 Safest Banks? for 2009. BBVA provides
its customers around the world with a full range of financial services,
including commercial and wholesale banking, retail banking services,
consumer loans, mortgages, credit cards, securities brokerage, wealth
management, pension plan management and insurance. The BBVA Group
maintains a leadership position in Spain, Mexico, Latin America and the
Sunbelt Region of the United States as well as operations in China,
France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, and
the United Kingdom.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of
information management and electronic commerce systems for the financial
services industry, driving innovation that transforms experiences for
financial institutions and their customers. Fiserv is ranked No. 1 on
the FinTech 100 survey of top technology partners to the financial
services industry. For more information, visit www.fiserv.com.
Editor's Note:
BBVA Compass is a trade name of Compass Bank. Compass Bank, member FDIC.
(FISV-G)

Media Relations
Ann Cave
Senior Public Relations Manager
Electronic
Banking Services
Fiserv, Inc.
678-375-4039
ann.cave@fiserv.com
or
Additional
Fiserv Contact:
Wade Coleman
Director, Public Relations
Fiserv,
Inc.
678-375-1210
wade.coleman@fiserv.com