Fiserv's BANKLINK Unit Logs Significant Increases in 2005 in Market Share, Sales and Product Releases.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ) said its BANKLINK unit, a provider of Web-based treasury management products and services, achieved significant increases in 2005 in market share, new sales, sales to existing clients and product releases. Gary Kasik, President of BANKLINK, said more than 140 financial institutions of all sizes are now utilizing BANKLINK's iLINK Web-based treasury management platform. "The amount of interest in our products from banks ranging in size from money center banks Money center banks Banks that raise most of their funds from the domestic and international money markets , relying less on depositors for funds. to community banks is extremely rewarding and validates our commitment to and investment in the iLINK platform," Kasik said. "Check 21 opened the door to new possibilities for banks and BANKLINK quickly responded with the iLINK Remote Deposit module to help them capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. those opportunities. We will exit this calendar year with a considerable number of new banks in the iLINK implementation queue and an extremely encouraging pipeline for 2006. That, combined with continued double-digit organic growth we see from our overall iLINK client base, will make for an even more exciting 2006. " BANKLINK has added several innovative modules, including: --Remote Deposit for Check 21 and NACHA NACHA National Automated Clearing House Association NACHA National Agency Clearing House Association accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying conversion (ARC)-based remote corporate check capture --WireXchange for automated, end-to-end wire processing --More flexible and integrated file delivery options, including automated file transfer protocol A communications protocol used to transmit files without loss of data. A file transfer protocol can handle all types of files including binary files and ASCII text files. See Kermit, Zmodem and FTP. (FTP FTP in full file transfer protocol Internet protocol that allows a computer to send files to or receive files from another computer. Like many Internet resources, FTP works by means of a client-server architecture; the user runs client software to connect to ) data delivery; --A significant upgrade in features and flexibility in the latest release of BANKLINK's industry leading ACH module. Additionally, BANKLINK has seen growing interest in its integrated, multi-bank SWIFT and multi-currency account information. Enhanced through seamless connectivity with the data exchange network "Our growth in 2005 has been phenomenal, and our strategy of expanding the products and services offered across the iLINK platform is poised to drive even greater growth in 2006," said Jim Gillespie, BANKLINK's vice president of product and technology. "BANKLINK's products have empowered financial institution clients to better meet the needs of their commercial customers of all sizes." BANKLINK, on the Web at www.BANKLINK.com, leads with customer-focused treasury management products through experience and vision. Established in 1977 as a full-service electronic banking company, today BANKLINK provides product and service solutions to financial institutions worldwide to meet the needs of their treasury management customers. BANKLINK offers the iLINK platform for information reporting, data exchange, multi-bank reporting, positive pay and transaction initiation services, including ACH, cash concentration, remote deposit, wires initiation and WireXchange. BANKLINK is located in New York, New York and is a unit of Fiserv. Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , 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 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 and 2005 FinTech 100 surveys by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion