CBS Worldwide Continues to Excel With Banks Over $1 Billion; Fiserv Unit Signs Nine New Clients in Twelve Months.Business Editors LAKE MARY Lake Mary may refer to:
Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ) said its Fiserv CBS (Cell Broadcast Service) See cell broadcast. Worldwide unit has signed seven new clients so far this year - and nine in the past 12 months - in the highly competitive marketplace of banks with more than $1 billion in assets. On the strength of new clients like Ohio Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , Keystone National Bank, Principal Bank and Texas Capital Bank, Fiserv CBS Worldwide continues to make substantial inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ in the community and super-regional markets. Greg Green, President of CBS US, said the strong results are due to financial strength, product innovation and commitment to this market space. "CBS is well positioned in our industry for a number of reasons," Green said. "For more than two decades, we have provided production-proven applications that have been helping organizations improve their operations. We continue to evolve our offering and provide cutting-edge functionality needed for our clients to compete and win in their markets. With the strength of our parent, Fiserv, we can offer a safe investment in this uncertain fiscal climate. Finally, the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) iSeries platform is a technology solution that our clients understand is reliable, scalable and flexible." The resulting solution is one that has provided an outstanding return on investment for many Fiserv CBS Worldwide clients, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Green. "We are proud that many of our clients have not only recouped their investment in CBS, but that our software and services have helped produce among our client base some of the best efficiency ratios in the industry," Green said. With new product offerings such as Communicator.NET, designed to create unique interoperability between disparate applications, CBS continues to lead the charge toward the future, Green said. "The newest version of the Comprehensive Banking System (CBS), which features dynamic new functionality and our new browser-based sales and teller platform system, will provide organizations that choose CBS Worldwide a significant advantage in improving efficiencies and their customer experience," Green said. "With Communicator at the center of our development goals, we see a future where applications from multiple providers or from a single provider will run seamlessly and share information and push that information throughout the organization to its greatest benefit." Brief facts about some of the new CBS Worldwide Clients include: -- Ohio Savings Bank (OSB OSB abbr. Order of Saint Benedict ), a $14 billion institution based in Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation). Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state. , has contracted with Fiserv CBS Worldwide for a full complement of products and services. OSB chose CBS Worldwide after an exhaustive vendor search. -- Keystone Savings Bank, a $1.6 billion institution based in Bethlehem, Pennsylvania Bethlehem is a city in Lehigh and Northampton Counties in the Lehigh Valley region of eastern Pennsylvania, in the United States. As of the 2000 census, the city had a total population of 71,329, making it the eighth largest municipality in Pennsylvania. , moved its entire organization to an in-house delivery of CBS. Scalability, architecture and CBS Desktop Branch technology were key components in the decision. -- Principal Bank, a $1.4 billion institution based in Des Moines, Iowa, uses the Internet as its only channel to deliver a wide range of financial services 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. . Principal's keys in deciding on Fiserv CBS Worldwide were centered on flexibility to move from an outsourced delivery to an in-house platform without changing the software. In addition, the entire suite of Fiserv products and single-vendor integration strategy was key in making a commitment for the future with Fiserv. -- Texas Capital Bank, a $2 billion commercial bank based in Dallas, Texas, has chosen Fiserv CBS to help meet its aggressive growth goals in major Texas metropolitan markets. TCB See trusted computing base. 1. (jargon) TCB - Trouble Came Back. 2. (security) TCB - (Orange Book) Trusted Computing Base. 3. (operating system) TCB - Task Control Block. believed the suite of products included in the solution, as well as the strong commercial capabilities, were key in the decision. TCB also operates an independent Internet-only bank, Bank Direct, which will use PremierEcom, the Fiserv Internet banking offering. CBS Worldwide is a unit of Fiserv, Inc. and is a leading financial information systems provider serving the global marketplace. More than 335 commercial banks, private banks, finance houses, building societies, credit unions, thrifts and diversified financial companies use Fiserv CBS technology. Fiserv CBS Worldwide is on the Internet at www.fiservcbs.com. Fiserv, Inc. (Nasdaq:FISV) provides industry leading information management systems and services to the financial industry, including transaction processing, outsourcing, 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 and software and systems solutions. The company serves more than 14,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $2.3 billion in processing and services revenues for 2002. Fiserv can be found on the Internet at www.fiserv.com. |
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