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California's Community Bank is Newest Marketer of Fiserv PAYCHEK PLUS! e-Payroll Solution.


BROOKFIELD, Wis. -- Community Bank of Pasadena, California Pasadena is a city in Los Angeles County, California, United States. As of the 2000 census, the city population was 133,936 and the 160th largest city in the United States. The California Finance Department estimates the Pasadena population to be 146,166 in 2005. , has agreed to market the Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ) PAYCHEK PLUS!(TM) payroll debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account.  to its commercial clients. Fiserv provides PAYCHEK PLUS! to financial institutions through an exclusive partnership with stored-value processor FSV FSV Fire Support Vehicle
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 Payment Systems (FSV), based in Houston.

"We are extremely pleased to be able to offer the PAYCHEK PLUS! e-payroll solution to our clients," said Rich Wilkinson, Vice President and Product Manager for Community Bank. "It will enable us to offer an entirely paperless payroll program to all employers that bank with us, regardless of the number of employees they have or whether those employees have bank accounts."

Community Bank expects the addition of the PAYCHEK PLUS! paperless payroll program to its existing products and services to be a decision that ultimately helps in keeping with the bank's mission to be a leader in the distribution of financial products. The bank has 13 branch offices throughout Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Orange, Riverside and San Bernardino San Bernardino, city, United States
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 counties.

FSV Payment Systems already has delivered on-site program training to key officials and personnel at the bank's headquarters in Pasadena. In addition, several of Community Bank's large employer clients already have expressed interest in moving forward with e-payroll via the PAYCHEK PLUS! payroll debit card, according to according to
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, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Community Bank.

"Our PAYCHEK PLUS! solution will give Community Bank an opportunity to expand their current suite of offerings available to clients," said Frank Smeal Frank Paul Smeal (August 7, 1918 - April 8, 2003) was a partner of the Goldman Sachs Group of New York City.

A limited partner of Goldman, Sachs & Co., Mr. Smeal spent his 38-year career on Wall Street as an expert in the municipal bond market.
, President of the Fiserv division that handles bank outsourcing services. "Community Bank expects the e-payroll solution featuring the PAYCHEK PLUS! card to eliminate the traditional barriers most companies face in transitioning to e-payroll."

"The PAYCHEK PLUS! program provides banks not only with a complete payroll debit card solution, but also with a welcome source of fee-based, non-interest income," said Eric Miller, Chief Executive Officer of FSV Payment Systems. "FSV Payment Systems provides banks and their commercial customers with ongoing guidance, training and support, from inception to deployment and beyond, which ensures a successful e-payroll deployment - not just initially, but for the duration of the program."

FSV Payment Systems offers a robust suite of unique, host-based stored-value and payroll debit card solutions direct to large employers and to financial institutions through an exclusive agreement with Fiserv, Inc. The FSV Payment Systems processing platform is both proprietary and configurable, allowing for the delivery of both standard and non-standard programs based on consumer requirements. For more about payroll debit cards and the delivery of paperless payroll, go to the American Payroll Association Online Payroll Debit Card Resource Center at www.americanpayroll.org, and click the navigation button for FSV Paycard Info. For more about FSV, go to www.fsvpaymentsystems.com, www.paychekplus.com, or www.payrolldebitcards.com.

Community Bank is a regional bank, founded in 1945, that serves clients who seek the know-how, wherewithal and product span of a larger financial institution, as well as the market knowledge, customer service orientation and local focus of a community bank. Based in Pasadena, it operates banking centers in that city and in Anaheim, Burbank, Corona, Fontana, Glendale, Huntington Park, Industry, Irvine, Redlands, Santa Clarita, Gardena and Yucaipa. For more information, visit the Community Bank Web site at www.communitybank-ca.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 15,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $2.7 billion in processing and services revenues for 2003. Fiserv can be found on the Internet at www.fiserv.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 19, 2004
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