BROOKFIELD, Wis. (11/6/15)--Fiserv Inc. and Early Warning, a provider of fraud prevention and risk management services, have partnered to facilitate real-time bill payment and deposit capabilities for users of Fiserv’s NOW Network and good funds network from Early Warning.
Combined, the Fiserv and Early Warning networks reach more than 6,000 credit unions and banks, representing more than 75% of all deposit accounts in the United States. The NOW Network also connects to tens of thousands of billers.
Early Warning’s good funds network facilitates communication among financial institutions, giving participating depositing financial institutions real-time guarantee for check and ACH transactions. It supports both credit and debit transactions.
Initially, the partners will focus on enabling real-time payment for bills issued by financial institutions, such as mortgages and credit cards, and real-time deposits. The partnership will also enable Fiserv to integrate its 5,300 account processing clients into the Early Warning Deposit Chek Service suite and its good funds network, facilitating instant posting of bill payments and immediate funds availability for deposits.
The companies plan to pilot these services in early 2016.