U.S. Bank, the fifth largest bank in the United States, has signed a five-year contract renewal with fin tech provider Fiserv for products that include CheckFree RXP electronic billing and payment, Popmoney personal payment and TransferNow account-to-account transfer, according to a press release.

"The Fiserv digital payment suite enables convenient and secure money movement for our customers through the online, mobile and tablet channels," said Niti Badarinath, senior vice president and head of omnichannel experience at U.S. Bank. "Whether people are paying bills, sending money to others or transferring funds between their own accounts, we want to provide a seamless experience that allows customers to focus on moving their money from point A to point B, without having to think about how that happens. We look forward to working with Fiserv to deliver an increasingly smart payment experience."

"Robust payment capabilities enhance the value of a financial institution relationship because these capabilities empower consumers to handle the financial tasks that permeate their lives," said Kevin Schultz, president of digital banking at Fiserv. "When it comes to digital banking and payments, people expect ease, convenience and speed. With its renewal of these strategic services U.S. Bank is reinforcing its commitment to delivering the very latest in payments to their customers."