Fiserv Credit Union Group Adds 52 Core-Processing Clients in 2003.Business Editors BROOKFIELD, Wis.--(BUSINESS WIRE)--March 3, 2004 Fiserv, Inc. (Nasdaq: FISV FISV Fiserv, Inc (stock symbol) ) said its Credit Union Group added 52 clients for core processing services in 2003. With the new clients, the Fiserv Credit Union Group now provides core processing for 3,107 credit unions across the country. Fiserv's credit union business units also realized significant improvements in client satisfaction, which is a key performance measure for Fiserv, last year. In 2003, 70 percent of Fiserv credit union clients participated in the company's annual client satisfaction survey. "Fiserv's credit union business units continue to perform exceptionally well, experiencing strong growth, expanding our portfolio of products, acquiring new clients and receiving high marks for client satisfaction," said Tom Neill, President of the Fiserv Credit Union and Industry Products Group. "The group is positioned to continue its track record of success in 2004." During 2003, the Fiserv Credit Union Group took on a more formal regional structure, resulting in three operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of similar size. Joe Barry Joe Barry is the defensive coordinator for the National Football League Detroit Lions. Coaching career Prior to coaching at Detroit, Barry coached the Tampa Bay Buccaneers and San Francisco 49ers and in college football at the University of Southern California, Northern , formerly President of USERS, assumed the role of President of the Fiserv Credit Union Eastern Region, responsible for the USERS, AFTECH and Galaxy business units. He joined Roger Kuhns, President of the Fiserv Credit Union Western Region, responsible for the CUSA CUSA Conference USA (Collegiate Athletic Conference) CUSA Carleton University Students Association (Canada) CUSA Certified Utility Safety Administrator (US National Safety Council) Technologies, Summit and XP Systems business units; and Scott Butler, President of IntegraSys, which includes the CUBE, CUBICS, Charlotte and Premier core product lines. Fiserv, Inc. (Nasdaq: FISV) provides industry leading information management systems and services to the financial industry, 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 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
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 $2.7 billion in processing and services revenues for 2003. Fiserv can be found on the Internet at www.fiserv.com. |
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