PEP+: Same Day Settlement from Fiserv named a winner of PYMNTS.com 2017 Innovator Award
Fiserv chosen among record-breaking number of submissions
BROOKFIELD, WI (March 20, 2017) — Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that PEP+®: Same Day Settlement from Fiserv has been selected as a Bronze winner of the PYMNTS.com2017 Innovator Awards in the NACHA Best Innovation in ACH category, from a record-breaking number of nominees.
PEP+ enables financial institutions to offer same day ACH settlement as a value-added service, providing an additional layer of qualification for same-day ACH items. The solution gives financial institutions greater management and control over item settlement, improving operational efficiency via automated rules-based handling.
“Our clients rely on Fiserv to help them deliver innovative solutions that move in step with the way people live today,” said Pat Korb, president, Financial & Risk Management Solutions, Fiserv. “PEP+ makes ACH payment processing robust, automatic and efficient, and provides financial institutions with a way to differentiate themselves in the market by offering a valuable service to their customers.”
Winners across 15 categories were announced at the PYMNTS Innovator Awards Dinner, the closing ceremony of the two-day Innovation Project 2017. Dubbed the “Davos of Payments,” the Innovation Project brings together the most senior executives and thought leaders in payments, commerce and retail each year for two days of closed door, off-the-record discussions held at Annenberg Hall on the campus of Harvard University in Cambridge, Massachusetts. Jeff Yabuki, President and Chief Executive Officer, Fiserv, participated in a fireside chat with PYMNTS.com CEO Karen Webster at the conference, the theme of which was Betting on the Future: The Who, What, When and How.
In a world that is moving faster than ever before, Fiserv helps clients deliver solutions that are in step with the way people live and work today — financial services at the speed of life. Learn more at fiserv.com.
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About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and has been recognized as one of Fortune® World’s Most Admired Companies™ for 9 of the last 10 years. Visit fiserv.com and follow on social media for more information and the latest company news.
