Fiserv (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Westbury Bank extended its long-standing relationship with Fiserv through the renewal of the Cleartouch bank platform for account processing, as well as Fiserv solutions for EFT, card services and item processing.
The $525-million Wisconsin-based bank will also continue to utilize a wide array of integrated products and services from Fiserv, including solutions for payments, mobile banking, processing services, risk and compliance, business intelligence, and customer and channel management.
Fiserv was selected based on the real-time, end-to-end capabilities of Cleartouch and the integration and innovation offered by Fiserv solutions. Westbury Bank, which enjoys a decades-long client relationship with Fiserv, takes advantage of ongoing Fiserv assessments and product reviews to ensure that the bank is best utilizing its technology investment.
"Our client base and Westbury Bank benefit from real-time, immediate access to funds and information, and the integration offered by Fiserv solutions. The real-time capabilities of Cleartouch help us deliver the services our customers want, when they want them," said Kirk Emerich, Chief Financial Officer, Westbury Bank. "Our strong, long-term partnership with Fiserv enables our bank to offer a full spectrum of products and services to both individuals and business customers, helping Westbury Bank effectively compete with much larger banks."
Among other related customer financial services, Westbury Bank is focused on commercial lending, business banking and deposits, and utilizes Fiserv solutions to help it grow and retain commercial accounts of all sizes. Fiserv provides tools to help businesses with day-to-day operations, such as cash management, payments and commercial online banking solutions.
"The banking industry has changed considerably since our partnership with Westbury Bank began more than 30 years ago. Fiserv remains committed to providing innovative, integrated best-of-breed solutions to help Westbury Bank achieve its strategic objectives," said Teri Carstensen, division president, Bank Solutions, Fiserv. "Westbury Bank is one of our many current clients that have renewed their relationship with Fiserv recently, which demonstrates our commitment to the financial institutions we serve."
In addition to Cleartouch, the Fiserv suite for Westbury Bank includes Accel(TM) debit payments network, AccountCreate(SM) for online account opening, AML Manager for risk management, CheckFree(R) RXP(R) for bill payment, iVue(R) for business intelligence, Mobiliti(TM) for mobile banking, Nautilus(R) for electronic content management, Popmoney(R) for social or person-to-person payments, several solutions in the Prologue(TM) suite financial accounting, Retail Online(TM) for online banking, Vantage(TM) Risk and Budgeting Manager, WireXchange(R) for wire transfers, and solutions for debit processing, card services and item processing.
Financial institutions that have deployed Cleartouch are representative of the entire financial services marketplace, from small community-focused organizations to multibillion-dollar savings banks, credit unions and commercial banks. Fiserv is the U.S. market leader in account processing services for financial institutions, with more than one-third of U.S. financial institutions relying on Fiserv for account processing solutions and expertise.