Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced the opening of a new remittance processing site in Atlanta.
The facility expands Fiserv's national multi-site lockbox network - with locations already in Chicago, Los Angeles and Miami. The Atlanta facility is another strategic location near a U.S. post office and Hartsfield-Jackson International Airport in Atlanta, a major national airport allowing Fiserv to expedite remittance processing in the region.
This site will enable Fiserv financial institution remittance processing clients with operations in the Atlanta area to extend their market reach through an expanded lockbox network and to potentially grow their fee-based revenues and deposits without capital expenditures. By using a processing site in Atlanta, financial institution remittance processing customers can now maintain a local Atlanta mailing address. Atlanta consistently ranks among the best mail processing sites in the U.S., according to Phoenix Hecht's Bi-Annual Postal Survey, which measures and reports total collection float.
"By opening the Atlanta site, we are expanding our lockbox network and responding to our clients needs for an additional strategic lockbox location," said Anna Quinlan, president, Remittance and Check Solutions, Fiserv. "The site will help financial institutions' remittance processing customers to reduce mail float and aid in posting their accounts receivable more quickly. This offering is yet another way that Fiserv is helping financial institutions differentiate themselves and retain clients."