Fort Financial Credit Union signs for Fiserv XP2 account processing platform

Source: Fiserv

Fiserv (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 Fort Financial Credit Union in Fort Wayne, Ind., has signed an agreement to implement the XP2 account processing platform from Fiserv.

After a competitive review of solutions, the $180 million institution chose an integrated suite from Fiserv to meet the needs of its 46,550 members.

"With the open architecture of XP2, we will be able to reduce the number and expense of maintaining multiple, disparate systems," said Steve Collins, Chief Executive Officer for Fort Financial Credit Union. "We are looking forward to taking full advantage of the broad portfolio and expansive resources Fiserv offers to improve efficiency, deliver better products, enhance member experience, and support future growth initiatives."

In addition to XP2, Fort Financial CU will implement a suite of Fiserv solutions to meet the needs of its 46,550 members, including ConvergeIT: IVR for audio response; Nautilus for enterprise content management; Virtual Branch for online banking; Wisdom for accounting; and CheckFree RXP for online bill payment. Fort Financial CU will implement XP2 in August 2011.

"Fiserv offers credit unions the broadest portfolio of technology solutions to support their growth strategies," said Naseer Nasim, segment executive for XP2, Credit Union Solutions at Fiserv. "Fort Financial's selection team recognized the Fiserv commitment to technology innovation, service excellence and client satisfaction. We are delighted to welcome Fort Financial FCU as our newest XP2 client."

XP2 runs on an open, relational database platform with browser-based applications. The system offers a full suite of solutions, including newly designed member, teller and lending platforms; electronic services delivery; and automated back-office processing. XP2 uses XML Web services or building block applications that seamlessly connect system components to improve time-to-market for building new products and delivery of upgrades.

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