Fiserv arms vendors with text payment tool
Summary
• None Payment processor Fiserv now offers a text-to-pay capability so that independent software vendors integrating the company’s payment capabilities into their software for merchant clients can better compete in the point-of-sale market, Fiserv said in a Tuesday news release • None The text-to-pay technology developed by Los Angeles-based software company Authvia is an extension of other Fiserv services, enabling merchants to text their customers with a bill or invoice and accept payments from customers through that channel, said Jon Halpern, head of ISV at Brookfield, Wisconsin-based Fiserv. • None “It’ll all be going through Fiserv’s systems, to actually send the payment, but we’re partnering with this company Authvia that has created a unique way to enable that experience to send text messages out and allow that consumer that’s trying to pay for that service over a text,” Halpern said during an April 25 interview. Fiserv had received feedback that its software partners were looking for text-to-pay capabilities, and that was especially true during the COVID-19 pandemic, Halpern said. Authvia’s integration with a Fiserv gateway means ISVs can link payment processing to the text-to-pay technology. Text messages are opened faster than emails containing invoices, which can mean merchants get paid sooner, Fiserv spokespeople noted.
