Fiserv, a provider of financial services technology solutions, has announced that six financial institutions have chosen it as their technology partner, selecting one of the company’s bank platforms, delivered through Fiserv’s national data center network. The banks also selected a range of value-added Fiserv solutions, including internet banking, electronic bill pay, mobile banking, remote capture, electronic funds transfer, item processing and risk and compliance products.
Reportedly, the new clients include: Illinois-based CenTrust Bank has selected the Premier bank platform as well as its item processing and source capture services. Ohio-based The Farmers National Bank has chosen the Premier bank platform as well as image archive, content management, electronic funds transfer, online banking, and more. South Carolina-based First National Bank of South Carolina has selected the Precision bank platform as well as content management, online banking and electronic bill pay solutions, among others.
Ohio-based 1st National Community Bank has chosen the Precision bank platform as well as internet banking, content management and item processing services, among others. Maryland-based Kopernik Federal Bank has selected the Cleartouch bank platform and Kansas-based TriCentury Bank has chosen the Premier bank platform along with internet and mobile banking, source capture, ATM driving, debit card processing, card production services, item processing, and electronic bill pay.
Mike Young, president of bank and credit union solutions at Fiserv, said: “The fact is we continue to see clients move from outsourcing to in-house processing, but these days in particular, more seem to be moving the other direction. Deploying innovative products managed by a dedicated, performance-oriented service partner can be an appealing option, in part because outsourced processing enables banks of all sizes to concentrate more fully on delivering popular services and an outstanding customer experience.”
Robin Moadus, senior vice president and chief operating officer at 1st National Community Bank, said: “We want to focus on banking. By outsourcing our data processing, 1st Bank can concentrate its efforts on satisfying customers’ needs, including new or more sophisticated products and services, and transfer to Fiserv much of the work that goes with the compliance, security and disaster recovery preparation associated with data systems.”
