IntegraSys Unit of Fiserv Signs More Than 50 Core Renewal Agreements; Q2 '05 Core Renewals Illustrate Customer Confidence and Acceptance of IntegraSys' Service-Oriented Technology Direction.FRISCO, Texas Frisco is a city in Collin County and Denton County, Texas (USA). It is a northern suburb of Dallas. As of the 2000 census, the city population was 33,714, while according to 2007 estimate, the city's population is approximately 95,000. -- IntegraSys, a business unit of Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ) and provider of information technology services to credit unions, announced today that it renewed agreements with 54 credit unions to continue delivering the company's advanced core processing solutions. Those solutions feature innovative service-oriented architecture See SOA. that enables seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of third-party applications, rapid deployment of new products and services, and user-friendly application interfaces for maximum usability and faster staff training. IntegraSys signed renewal agreements for all four of the core products from its comprehensive portfolio of core processing systems, including Premier, CUBE, CubicsPlus and Charlotte, solutions designed to meet the needs of credit unions of all sizes. "IntegraSys remains dedicated to meeting the unique technology needs of credit unions, and we don't believe in a one-size-fits-all approach," said Scott Butler, president of IntegraSys. "That's why we give our clients the power to choose from a suite of advanced core platforms that offer practical solutions to meet their 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 needs, be it for in-house or service bureau, large or small transaction volumes or unique requirements for add-on services. "While our core solutions each provide distinct advantages for different types of credit unions, they all leverage a service-oriented architecture, our unified technology direction that's focused on enhancing member service through a practical blend of powerful, established processing capabilities and new innovative technologies like XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and .NET(R)," Butler added. Among the renewal agreements are several contracts for IntegraSys' Premier core processing solution, a highly sophisticated online service bureau core system that delivers comprehensive processing to hundreds of credit unions of all sizes. The latest version of Premier includes a fully redesigned teller automation platform that leverages Microsoft .NET See .NET. to create one of the easiest-to-use core applications available to credit unions today. Premier supports all of a credit union's service needs--from ATM support to workflow processing to online interfaces and report queries--as well as fully integrated share, loan, general ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. , accounting and payroll processing systems. "Premier's new, user-friendly front end has made such a difference for us. Our staff can be trained quickly and our member service representatives can move easily through the screens to perform transactions and deliver a higher level of service to our members," said Gary Hinrichs, president of St. Louis, Mo.-based West Community Credit Union, one of the renewing Premier clients in Q2. "The new capabilities for Premier are also exciting. Premier's Cross Sell and Tracking module and Contact Manager solution will both help us improve our cross-selling efforts to better serve the needs or our members while boosting profitability. IntegraSys has demonstrated a new level of responsiveness and that resonates from the senior leadership to the application developers to the day-to-day call center staff." IntegraSys also signed renewal agreements for the latest version of its CUBE core processing platform, which offers both in-house and service bureau delivery options and uses a service-oriented design with a .NET framework to add flexible features and functions to all of the system's components for enhanced navigation capabilities and an accessible open architecture. The recent general release of IntegraSys' CUBE 1800 included two new front-end platforms designed to help credit unions boost operational efficiencies. The new Windows-based Teller Automation and Collections platforms feature an intuitive, user-friendly interface to promote teller efficiency and simplified navigation through the platforms. The CUBE 1800 release also included the first wave of enhanced support for business checking services and general ledger (GL) enhancements like automatic GL accrual postings and new GL close features. "Renewing our CUBE contract was an easy decision," says Valerie Brown, chief executive officer for Service One Credit Union, based in Bowling Green Bowling Green. 1 City (1990 pop. 40,641), seat of Warren co., S Ky., on the Barren River; inc. 1812. It is a shipping and marketing center for an area producing tobacco, corn, livestock, and dairy items. , Ky., that recently renewed its CUBE agreement. "IntegraSys has clearly accelerated the pace of development for their technologies and the new capabilities of the CUBE solution will enable us to meet the changing needs of our members both now and in the future." IntegraSys also renewed core agreements with several small to mid-sized credit union clients, most of whom will implement the company's CubicsPlus solution, an XML-based system developed to replace the CUBICS core platform. As part of IntegraSys' service-oriented architecture strategy, the affordable CubicsPlus data processing platform delivers the same, advanced integration capabilities, real-time processing Noun 1. real-time processing - data processing fast enough to keep up with an outside process real-time operation data processing - (computer science) a series of operations on data by a computer in order to retrieve or transform or classify information functionality and flexible user interfaces found in solutions targeted at larger institutions. IntegraSys announced its 100th implementation of the CubicsPlus solution last month and plans to have 150 credit unions using the system by the end of 2005. About IntegraSys Combining a spirit of innovation with 30 years of industry experience, IntegraSys delivers a comprehensive range of well-integrated systems and services that accelerate credit unions' growth and drive business efficiencies. Whether clients require sophisticated service bureau or in-house technologies, IntegraSys delivers technology to help credit unions compete and win in their markets. The IntegraSys suite of products and services includes core processing, loan origination 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. , asset and liability management, ATM and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. services, Internet banking, lending and bill payment and presentment services. For more information, visit www.integrasys.fiserv.com. About Fiserv, Inc. 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-funded 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 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 in the 2004 FinTech 100 survey by the American Banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com. |
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