Four credit unions select Fiserv for account processing

Source: Fiserv

Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions and the largest provider of business-driven technology solutions for credit unions, announced today that four credit unions have selected account processing platforms from Fiserv along with several value-added capabilities for Internet banking, electronic statements and card processing services.

"Fiserv is committed to helping credit unions achieve success by offering sophisticated, efficiency-boosting technologies for all areas of the business, including accounting, EFT and online banking, as well as account processing solutions," said Scott Butler, president, Credit Union Solutions at Fiserv. "The broad portfolio of Fiserv solutions allows credit unions to go to a single source for an integrated platform that meets their unique needs."

The most recent credit unions to choose solutions from Fiserv include:

Omega Federal Credit Union, Pittsburgh, Penn., selected the Portico(TM) account processing platform from Fiserv for their more than 16,000 members, adding eFichency(SM) for document imaging; Virtual Branch(R) for online banking, bill payment and online lending; paper and electronic statement processing; ConvergeIT(R): IVR for audio response; Wisdom(TM) for accounting; and ATM and debit processing. Leaders for the $81 million credit union cited the value of the Fiserv enterprise wide offerings as key to their decision. By selecting Fiserv, they expect to gain efficiencies in all areas and drive down overall cost of ownership, allowing them to focus on other areas including member profitability.

Mission City Federal Credit Union in Santa Clara, Calif., selected the Portico account processing solution from Fiserv, as well as eFichency and Wisdom. They also selected ATM and debit card processing services. With $75 million in assets and 4,000 members, the credit union specifically cited the stability of Fiserv as a long-term technology partner and its wide range of product and service offerings as key factors in its decision.

Affinity Credit Union in Des Moines, Iowa, chose the Portico account processing solution from Fiserv. In addition, the $67 million credit union selected eFichency, Virtual Branch, Loancierge(TM) for loan origination, paper and electronic statement processing, Wisdom, Profit360(TM) for member relationship management, AccountuntCreate(SM) for online account opening and Mobile Money(TM) for mobile banking.

Saratoga's Community Federal Credit Union in Saratoga Springs, N.Y., cited the superior ability of Fiserv to deliver electronic services to the credit union's members in selecting the Portico account processing solution. Leaders for the $37 million credit union also chose AccountCreate, Wisdom, Virtual Branch, Mobile Money, MyMoney(TM) for account access through Facebook, and Credit and Debit Services to meet the evolving needs of their 4,950 members.

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