Verizon prolongs contract with Fiserv

According to Fiserv, Inc, Verizon Communications has renewed its contract with the company. Fiserv will be providing electronic billing and payments services to Verizon for several more years. 

Through the use of the services offered by Fiserv, Verizon can continue to offer electronic billing its more than 100 million wireless and landline customers. The customers are enabled to view and pay their bills from a Verizon Website or at one of the more than 3,000 financial institution Web sites. E-bills are preferred by some customers not only for the ease and security they bring, but also for the fact that they are more environmentally friendly than paper bills.

In collaboration with Fiserv, Verizon has offered customers a program that enables subscribers to receive both a paper version and an electronic version of their bill during a three-month period. During this period the customers can inform the company of their preference of e-bills to paper bills. More than 75 percent of the customers have switched to e-bills during their trial period of the e-bill encouragement program.

Verizon and CheckFree, nowadays Fiserv, started working together in 1999.