Fiserv, TIS Sign Contract for Mobile Image Processing Solutions Suite
Top Image Systems, Ltd. (Nasdaq: TISA), a leading ECM (Enterprise Content Management) and BPM (Business Process Management) and mobile image processing solutions provider, announced today that the Company has signed a non-exclusive contract with Fiserv (Nasdaq: FISV), a leading global provider of information management and electronic commerce systems for the financial services industry. Fiserv has selected Top Image Systems to provide a mobile imaging platform for a range of applications. The reliable, high-performance platform can integrate smoothly with a broad range of Fiserv solutions deployed today at billers and financial institutions across the U.S.
Initially, Fiserv intends to use the mobile imaging technology within Snap-to-Pay™, an add-on functionality for select Fiserv mobile banking and payments solutions that enables end-consumers to pay bills quickly and easily with a snap of their smartphone camera. Essential bill information, such as the company to be paid and the amount due, is captured by taking a picture of a paper bill, and is then used to automatically populate the appropriate fields on the smartphone screen, streamlining the mobile bill payment process for consumers.
The launch of Snap-to-Pay is significant as Fiserv currently supports the largest electronic bill