Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced the opening of a new remittance processing site in Dallas, Texas.
The facility expands Fiserv's national, multi-site lockbox network which has existing locations in Chicago, Los Angeles, Atlanta and Miami.
This site will enable Fiserv financial institution remittance processing clients with operations in the Dallas 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 Fiserv's processing site in Dallas, customers can maintain a local Dallas mailing address.
"We are responding to our clients' needs for a lockbox processing site in the Dallas area," said Anna Quinlan, president, Remittance and Check Solutions, Fiserv. "For bank clients that outsource to us at this new location, it's a new source of fee-based revenues and deposits with minimal start-up costs and no technology investment. This also allows them to enhance their business customer relationships by offering their customers an additional lockbox processing site to expand their network."
An example of Fiserv's payments core competency, Remittance Solutions from Fiserv offers customized remittance processing solutions: wholesale, image, wholetail and retail lockbox services as well as SmartBox, property management and healthcare remittance processing.