Bombardier Capital Selects Fiserv to Automate Growing Private-Label Credit Business.

LAKE MARY, Fla.--(BUSINESS WIRE)--July 22, 1999--

Financial Arm of Global Transportation Equipment Manufacturer Converts

to Advanced Credit Processing Solution

Bombardier Capital, located in Jacksonville, Florida, has installed the PLUS(TM) (Private Label Universal Services) System from Fiserv, Inc. (NASDAQ:FISV) to automate the credit data processing and related functions of its growing private-label credit business. The PLUS(TM) System is supported by the Fiserv Orlando business unit in Lake Mary, Florida.

The PLUS System enables Bombardier Capital to provide its retail customers with the most flexible and responsive private-label credit services currently available.

Bombardier Capital is the financial services arm of global transportation equipment manufacturer Bombardier Inc., which is based in Montreal, Canada. A leading international supplier of financial solutions, Bombardier Capital provides a wide range of innovative financing and leasing solutions to its dealers and customers in retail, commercial and industrial markets. Bombardier Capital purchases retail installment contracts from authorized Bombardier Recreational Product dealers for Bombardier's Ski-Doo(R) snowmobiles, Sea-Doo(R) personal watercraft and sport boats, NV(R) neighborhood electric vehicles, and its new Traxter(R) all-terrain vehicles.

In addition to the financing it provides for Bombardier products, Bombardier Capital also purchases retail installment sales contracts for financing other manufacturers' recreational products, including marine products, RVs, custom trailers, motorcycles and keyboard instruments. Bombardier Capital can be found on the Internet at www.capital.bombardier.com.

Bombardier Capital implemented the PLUS System to enhance its ability to extend revolving and installment credit financing to its many Bombardier Recreational Products dealers and customers. The organization is using all aspects of PLUS System functionality to grow its credit business. Features include application processing, account set-up, purchase authorization, credit program creation, payment posting, collections management, portfolio tracking and analysis, and more.

In addition to the PLUS System, Bombardier has licensed a full suite of support services from Fiserv, including an automated voice-response system to handle cardholder inquiries, an automated credit bureau interface, complete card production services, and statement production and mailing services.

"We're very pleased to welcome Bombardier Capital to the Fiserv client family," said Dan Welbaum, Senior Vice President of Sales and Marketing at Fiserv Orlando. "Bombardier Capital provides its customers with innovative financial solutions; and we're delighted to partner with them to provide the industry's most modern and affordable credit processing technology."

Why the switch to Fiserv? "We had been using a proprietary system that we developed in house," said Michael Barboza, Bombardier Capital's Revolving Credit Product Manager, "and we needed more advanced credit-processing capabilities."

According to Barboza, the PLUS System was selected after a detailed market study. "After evaluating several different systems offered by leading providers, it appeared that most of our desired functionality was included in the PLUS System," noted Barboza. "Compared to other solutions, the PLUS System required less customization to suit our needs."

In its competitive market, Bombardier Capital needs every possible business advantage, and the PLUS System delivers measurable benefits. Barboza said that "almost immediately after we installed the PLUS System, our application processing times improved substantially."

As Bombardier management looks to the future, they see the need for automation solutions that give the company a business edge. "The recreational products market has become very competitive," said Barboza, "and a responsive credit processing system like the PLUS System can give us a significant competitive edge."

Bombardier excels in market dominance, and long-term growth is a key to the company's overall success. That's another reason why the PLUS System was attractive to Bombardier management. "With its flexibility and its features, it appears that the PLUS System has the potential to accommodate our future growth," noted Barboza.

The PLUS System unites PaySys International's VisionPLUS(TM) credit processing software -- the industry's leading retail credit processing solution -- with Fiserv Orlando's more than three decades of information processing expertise. This powerful mix of software and service provides a state-of-the-art foundation upon which businesses can build profitable private-label credit programs.

In addition to Bombardier Capital, Fiserv Orlando provides credit processing services to such industry leaders as Green Tree Financial, Shoppers Charge Accounts Company, EDS, Textron Financial, Statesman Financial, Orchard Supply Hardware, Unicorn Financial Services and others. Every month, the PLUS System processes well over 20 million credit transactions nationwide.

Fiserv, Inc. (NASDAQ: FISV) is an independent, full-service provider of integrated data processing and information management systems to the financial services industry. As a leading technology resource, Fiserv serves more than 7,000 clients worldwide, including banks, credit unions, savings institutions, finance companies, financial planners, insurance companies, and mortgage companies. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com.

PLUS System and easyLENDER are trademarks or registered trademarks of Fiserv Solutions, Inc. in the U.S. and other countries. VisionPLUS is a trademark of PaySys International. Windows is a registered trademark of Microsoft Corporation in the U.S. and/or other countries. Ski-Doo, Sea-Doo, NV, and Traxter are registered trademarks of Bombardier, Inc.