Fiserv ITI reports Southwest Securities deal

Source: Fiserv

Fiserv, Inc., (Nasdaq:FISV) announced today that its Information Technology Inc. (ITI) business unit's Premier integrated in-house core solution has been chosen by Southwest Securities, FSB, of Arlington, Texas. Southwest Securities officials believe Premier will offer customers more opportunities to do business with the $828 million bank.

"ITI's integrated array of products and services, especially e-commerce and business services, were particularly important in our decision," said Rhonda Long, Southwest Securities senior vice president of operations. "The fact that ITI is a stable and financially solid company, partnered with hundreds of financial institutions across the country, also is important to us."

Available for both in-house and outsourced environments, ITI's openly integrated Premier software offers products for virtually every function, including Internet banking, enterprise content management, executive intelligence, relationship management, branch automation and core accounting. All programs are available on the industry's most popular hardware platforms.

Bank officials said they especially look forward to deploying ITI's consumer and business Internet banking products, Premierecom and Premierecorp, as well as Premier Merchant Capture, an automated deposit solution, and the Premier Viewpoint business intelligence product. "With an integrated system, we're able to get a better picture of our customers and their whole relationship with our bank," explained Long. "While every customer is important to us, knowing which customers are more profitable helps our staff make better lending decisions."

"Southwest Securities completed an extensive review of the industry's core banking systems before making its final decision, and we're obviously very pleased they chose Premier," said Tom Cypher, president and CEO for ITI. "We look forward to providing the bank with the leading edge technology that can be used to achieve aggressive strategic growth plans."

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