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Stock impact report

Fiserv, grocer expand pay-by-bank effort [Yahoo! Finance]

Fiserv, Inc. (FISV) 
Last fiserv, inc. earnings: 2/4 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.fiserv.com
Company Research Source: Yahoo! Finance
Dive Brief: Payments processor Fiserv and the U.S. arm of the Dutch grocery chain Ahold Delhaize plan to expand a pay-by-bank pilot so that it's available to more of the company's U.S. customers, they said in a press release Tuesday. The companies introduced the pay-by-bank option last year on the grocer's websites and mobile apps for three brands, namely The GIANT Company, Giant Food and Stop & Shop, but it will now be offered more broadly to customers, they said. Tens of thousands of the grocer's customers have registered through the pilot of the company's Pay by Bank program, enabling them to pay for purchases directly from their bank accounts, and giving them an alternative to debit or credit cards, the release said. Dive Insight: Retailers across the country, including Walmart, have become increasingly eager in recent years to let their customers pay for purchases without swiping a card. It's part of a quest by merchants to decrease the interchange and network fees the Show less Read more
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