More NewsFiserv Helps FIs Accelerate Small Business Awareness of Merchant Capture

Fiserv Helps FIs Accelerate Small Business Awareness of Merchant Capture

Fiserv has launched its merchant acceleration programme (MAP), an initiative to increase the awareness and adoption of merchant capture by businesses.

Merchant capture is a remote deposit capture solution that banks may provide to their business customers to provide them the convenience and cost savings of making cheque deposits from their office or store locations. The technology has great benefits for business customers, which banks can offer and promote themselves as a partner who is vested in helping them grow their businesses as they participate in the movement from paper to electronic processes.

Using MAP, Fiserv will help financial institution clients target industries that are typical users of merchant capture – medical offices, building trades, property managers law offices and many others – to help them better serve these clients. Among the marketing tools in the campaign are a return-on-investment calculator, marketing materials that can be branded by the bank or credit union, videos and other efforts aimed at educating businesses about the benefits of merchant capture. In addition, Fiserv will offer sales incentives to financial institution employees who identify potential merchant capture users and will host Remote Deposit Days at financial institution branches to demonstrate the businesses advantages of merchant capture.

Initial results of MAP are encouraging. One midwestern US bank signed up 40% of the business customers who came to its ‘Remote Deposit Days’ promotional event.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha