Fiserv will launch bar code bill payment systems

Fiserv, Inc. has announced the obtaining of the exclusive rights to license the patented bar code bill payment process of PayScan America, Inc. By utilizing the PayScan® patented bar code bill payment process and the Fiserv CheckFreePay LinkTM platform, CheckFreePay will be able to offer an enhanced retail payment solution that will enable walk-in consumers to pay their household bills quickly and easily at retail checkout lanes and self-service kiosks. 

This enhanced retail payment solution will use a “smart bar code” on the bill to record processing rules, including relevant payment data from a customer bill such as the account number. By scanning the bill at an existing retail point-of-sale terminal, a cashier or consumer can easily submit a payment without manual data entry, says the company’s press release. 

“We believe in-lane bill payment services will transform the walk-in bill payment landscape. For retailers, it will provide a more efficient walk-in bill payment process that leverages point-of-sale bar coding to reduce the chance for error. Billers could realize reduced processing costs, while their customers will enjoy a more convenient payment experience,” said Paul Harrison, senior vice president and general manager of Fiserv’s CheckFreePay business.