Fiserv Announces New Name for Former CUIG Unit.Business Editors PLANO, Texas--(BUSINESS WIRE)--Sept. 19, 2003 IntegraSys Describes Core Strengths: Integrated, Comprehensive and Synergy 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) ) today announced that its recently acquired CUIG CUIG Credit Union Interchange Group unit has changed its name to better reflect its key attributes. The new name, IntegraSys, embodies the unit's core strengths - building long-term client relationships and delivering a comprehensive portfolio of integrated solutions that help clients accelerate growth and drive business efficiencies. "The announcement marks a milestone and the beginning of a new era for IntegraSys," said Scott Butler, IntegraSys President. "It's exactly who we are. We're taking the strengths from our heritage and long-term commitment to credit unions and combining them with a new name, an accelerated investment strategy, and a renewed commitment to client satisfaction and service excellence." IntegraSys was inspired by one of the hundreds of employee ideas submitted since Fiserv acquired the organization in July, Butler said. Customers learned about the new name at Visions, the organization's annual user conference in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. , which closes today. IntegraSys will use the new name in its fall and 2004 advertising campaigns. "Fiserv acquired this business because its strengths and commitment to clients were right in line with ours," said Tom Neill, President of the Fiserv Credit Union and Industry Products Group. "Developing its own identity provides the foundation the IntegraSys team needs to continue to deliver integrated solutions to the credit union industry for many years to come." Fiserv completed the acquisition of IntegraSys and its products from Electronic Data Systems Corp. in July 2003. IntegraSys currently provides IT services - including core data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , 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. , Internet banking, debit cards and ATM services - to more than 1,500 credit unions. IntegraSys has provided technology to these not-for-profit, member-owned institutions for more than 30 years. 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
Brookfield is a city in Waukesha County, Wisconsin, United States. The population was 38,649 at the 2000 census, but the city's population recently exceeded 40,000 people. , 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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