Fiserv to Provide Internet Banking Services to Community Bank, N.A.Business Editors
PITTSBURGH--(BUSINESS WIRE)--April 28, 2000
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) ) announced today that it will provide Internet banking services to Community Bank, N.A., a $1.9 billion asset bank in DeWitt, New York DeWitt is a town in Onondaga County, New York, USA. As of the 2000 census, the town population was 24,071. The town is named after Moses DeWitt.
The Town of DeWitt is located east of the City of Syracuse and borders the city on its east side. .
"We continue to provide leadership in all our markets through enhanced convenience and service to our customers using our personalized approach, combined with advanced electronic technology," said Sanford A. Belden, President and Chief Executive Officer of Community Bank and its parent, Community Bank System, Inc. "Adding Internet banking to our other electronic services, such as check safe keeping and check imaging, cash management services, telephone banking and ATM services, will be well received by bank customers."
"Offering an Internet banking product helps to communicate that your bank can be equal to larger banks with regard to products and services," said Harry Lee, Electronic Banking and Deposit Services Manager of Community Bank, N.A. "It can also be the basis for offering additional bank products in the future."
Through Fiserv and its Internet banking services, financial institutions can offer customers an array of banking transactions, such as viewing their complete relationship profile, viewing account balances, executing funds transfer and transaction history inquiries, reordering re·or·der
v. re·or·dered, re·or·der·ing, re·or·ders
1. To order (the same goods) again.
2. To straighten out or put in order again.
3. To rearrange.
v. checks and stopping check payments - all from any access point over the Internet.
At Community Bank's Fiserv-maintained Web site, customers will be able to gain access to their account information using a personal account ID and security code. The system supports both deposits and loans, giving complete account access to customers. In addition, all transactions are performed real-time against current account balances and information.
"Future resources and development were a big reason we chose Fiserv," Lee said. "The price, as well as the ability to integrate with our current applications, also were major factors in our decision."
Community Bank, N.A. is a client of the Pittsburgh-based Fiserv Custom Outsourcing Solution, an integrated suite of data processing and information management systems and services provided to financial institutions looking to outsource their processing.
"By partnering with Fiserv, Community Bank can position themselves to strategically address this exciting and effective delivery channel, while providing an increasing array of remote banking and electronic commerce solutions," said James C. Puzniak, President of the Fiserv Pittsburgh business unit. "In addition, the Internet will assist Community Bank in attracting and retaining customers, as well as reducing operating expenses."
Community Bank, N.A., with assets of $1.9 billion, is the fifth largest commercial banking franchise in upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. . Headquartered in DeWitt, New York, a suburb of Syracuse, with branches in non-metropolitan towns and villages throughout upstate, Western and Southern New York, CBNA CBNA Citibank North America
CBNA Collegiate Business Networking Association
CBNA Capacity Building Needs Assessment
CBNA Coe-Brown Northwood Academy (Northwood, New Hampshire)
CBNA Credit Bureau of North America is the wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Community Bank System, Inc. (NYSE NYSE
See: New York Stock Exchange :CBU CBU Cape Breton University (Sydney, Nova Scotia, Canada; formerly University College of Cape Breton)
CBU Christian Brothers University (Memphis, TN, USA)
CBU California Baptist University ). CBNA is a full-service financial institution, offering complete consumer, business and financial services. Community Bank, N.A. can be found on the Internet at www.communitybankna.com.
Fiserv, Inc. (NASDAQ:FISV) is an independent, full-service provider of integrated data processing Noun 1. integrated data processing - automatic data processing in which data acquisition and other stages or processing are integrated into a coherent system
automatic data processing, ADP - data processing by a computer and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 10,000 financial services providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com.