ABA Endorses Technology Solutions from Fiserv.Substantial number of Fiserv products and services added to ABA's list of solutions offered to its members WASHINGTON -- Fiserv, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FISV FISV Fiserv, Inc (stock symbol) ), a leading provider of information technology services to the financial and insurance industries, and the American Bankers Association The American Bankers Association (ABA) is comprised of banks and other financial institutions. It seeks to promote the strength and profitability of the banking industry by Lobbying federal and state governments, building industry consensus on key issues, and providing products and announced today ABA's endorsement of a range of Fiserv products and services. Among the endorsed Fiserv choices is core account processing, which can be integrated with products and services to improve efficiencies, reduce risk and enhance banks' revenue generation. Other solutions endorsed are Fiserv's item and image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished , remote deposit, electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. , loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , cash management, financial management, risk and security, and cash and logistics programs and services. "We're pleased to endorse a vast array of Fiserv products and services," said John Wolff, president of the Corporation for American Banking. "The ABA endorsement signifies our confidence that the Fiserv products and services identified will deliver reliable and quality results in supporting the industry's needs." The ABA and its affiliate, the Corporation for American Banking, conducted a review and analysis of the Fiserv solutions before choosing to endorse them. This evaluation looked at factors such as product functionality, regulatory compliance, management strength, financial soundness, client service and the company's long-term strategic positioning. "Fiserv is pleased that the ABA has selected our products and services as deserving of its coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. seal of approval, and we look forward to working with them to continue to provide quality support to the banking industry," said Norm Balthasar, senior executive vice president Fiserv. "All of us within the Fiserv organization understand that a strategic, long-term relationship with a bank requires thought leadership, strong management, technology and a focus on high-quality products and services. We are committed to delivering that and more." About ABA The American Bankers Association brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America's economy and communities. Its members - the majority of which are banks with less than $125 million in assets - represent over 95 percent of the industry's $13.3 trillion in assets and employ more than two million men and women. About Fiserv, Inc. Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ), software and systems solutions. Headquartered in Brookfield, Wis., the company is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the for 2007. For more information, please visit www.fiserv.com. (FISV-G) |
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