BROOKFIELD, Wis.–Fiserv announced it is “making it easy” for its financial institution clients to answer the industry-wide call to facilitate financial inclusion by offering Bank On-certified accounts.
Bank On-certified account features include minimal costs, no overdraft fees, and foundational transaction capabilities such as bill payment.
“Certified by the Cities for Financial Empowerment Fund (CFE Fund) and championed by the American Bankers Association (ABA), the accounts address the needs of households that are currently outside the banking system, including many families of color,” Fiserv said. “Without bank accounts many are unable to easily complete basic financial tasks or build long-term economic benefits.”
“At Fiserv, we actively encourage diversity, respect and inclusion,” said Todd Horvath, head of Account Processing at Fiserv. “We and the financial institutions we serve now have another opportunity to put these values into action by enabling Bank On-certified accounts.”