PCS Unit of Fiserv Attracts 42 New Bank Clients for Core Banking Systems in 2004.SIOUX FALLS, S.D. -- Precision Computer Systems (PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. ), a unit of Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ), announced that 42 financial institutions joined its client base for core banking systems in 2004 - representing exceptionally strong growth in the face of tightening bank budgets and a highly competitive marketplace. One of America's chief providers of fully integrated banking systems, PCS now provides core banking solutions to more than 750 banks across the U.S. Among reasons for choosing PCS, bankers cited the company's open systems technology approach to integrating ancillary and other best-of-breed products, said Mark Blankespoor, president of PCS. "In addition to functionality and support, we see bank management looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. assurances that their core solution will evolve as technology standards change," Blankespoor said. "We're pleased that so many recognize our PCS Vision core banking solution as one that can support the needs of institutions both today and into the future." Each of the new client financial institutions represent separate charters, ranging in size from de novo to nearly $2 billion in assets and doing business in 16 states, including Alaska, Oregon, Texas, Illinois and New York. While most of the banks will deploy PCS Vision(TM) and ancillary applications, two will use the company's alternative BAIS BAIS Baird's Sparrow (bird species) BAIS Bell Atlantic Internet Solutions BAIS Battlefield Anti-Intrusion System BAIS Backward Alarm Indication Signal BAIS Battlefield Automation Interoperability System core banking system. Almost a quarter of the 42 new bank clients will outsource PCS Vision through the PCS Resource Management Division (RMD See Required minimum distribution. ) in La Crosse, Wis., enabling PCS to handle back-room operations, data communications, proof and item imaging. Columbia Bank, a $1.9 billion bank and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Columbia Banking System, Inc. (Nasdaq:COLB COLB Certificate of Live Birth ), will use both the RMD and PCS Specialized Services, providing a customized approach to enhancements and built-in technology management. Known for its scalability and performance, PCS Vision is based on Progress, a powerful, high-performance, fourth-generation language with its own embedded database. Open system design and service-oriented architecture combine with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) systems to create an efficient, fast and reliable system for banks of all sizes. Precision Computer Systems (PCS), a unit of Fiserv, Inc., is headquartered in Sioux Falls, S.D., and PCS Vision is its flagship system. The system is complemented with a fully integrated suite of optional modules including Internet banking, document management and imaging, platform systems, risk management and marketing applications. PCS provides both in-house and managed resource solutions to banks ranging from de novo to multi-billion in assets. A reputation for software service and reliability contribute to the company's 99 percent annual client retention rate. PCS can be found on the Internet at www.pcsbanking.com. Fiserv, Inc. (Nasdaq: FISV) provides 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 16,500 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 can be found on the Internet at www.fiserv.com. |
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