Fiserv Establishes Montana Presence with New Helena Processing Center; Participating Banks Will Now Have Access to a Myriad of Additional Resources.BROOKFIELD, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. . -- Fiserv Inc. (Nasdaq: FISV FISV Fiserv, Inc (stock symbol) ) today announced the successful launch of its new Helena (Montana) Item Processing Center. Three Rivers Three Rivers, Que., Canada: see Trois Rivières. Bank of Montana, Kalispell, and Valley Bank of Kalispell already are utilizing the center to support operations. Fiserv is in the process of integrating two additional banks, enabling them to take advantage of the center's services. E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]The new processing center has the full capability of Fiserv's Check Image Item Processing for Montana-based financial institutions. All of the services flow seamlessly into the Fiserv Clearing Network to facilitate and improve the collection of checks. The Fiserv Clearing Network benefits each client with lower clearing fees and significantly reduced float expenses. E[acute accent]"We're very excited to enter the Montana market," said Teri Carstensen, president, U.S. Item Processing Operations for Fiserv. "Through the new processing center we'll be better able to serve existing clients, as well as expand into new markets to provide more cost-effective item processing alternatives." E[acute accent]Both Three Rivers Bank of Montana and Valley Bank of Kalispell interface with the processing center directly through their core processing system, which is provided by Information Technology, Inc. (ITI (Information Technology Industry Council, Washington, DC, www.itic.org) Formerly the Computer and Business Equipment Manufacturers Association (CBEMA), founded in 1916. ITI is a membership organization composed of approximately 30 large high-tech companies. ), a financial software and services provider and a business unit of Fiserv. E[acute accent]"Having Fiserv in Montana gives independent banks greater opportunities and an enhanced tool to help them succeed in today's competitive banking environment," said John King, 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 Three Rivers Bank of Montana. "Montana needed a processing center in the state that offers connectivity to the ITI core processing system. Having utilized the ITI platform since 1981, we are one of the first banks to work with the system. As we continued to grow and increase our product offerings, we wanted a processing center that could communicate directly with our core system. Having the system directly interfaced with our processing center and in close proximity to the bank gives us the advantage of being able to speak in real time to the center and with those people who work to help the bank succeed." E[acute accent]Banks that utilize the Helena Processing Center will also benefit from access to a myriad of additional solutions and resources offered through the Fiserv Processing Center. E[acute accent]"The additional services and products that Fiserv makes available to the Montana market are outstanding," said Ron Rosenberg, president and CEO of Valley Bank of Kalispell. "Working with Fiserv has enabled the bank to implement additional features and resources that were not previously available to us, such as corporate online banking and the generation of in-house reports. Fiserv has successfully and efficiently worked with our staff to ensure a smooth system conversion. We look forward to the additional products and relationships that will be developed with Fiserv's help." E[acute accent]Fiserv, Inc. (Nasdaq: FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include 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 , software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the 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. industry worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management, and BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com. |
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