Summit Information Systems Client Wins CUNA Technology Council's Best Practices Award for Internet Banking Application.

Business Editors

CORVALLIS, Ore.--(BUSINESS WIRE)--Oct. 31, 2003

Summit Information System's core and Internet banking client, Purdue Employees Federal Credit Union ($383 million in assets and 58,000 members), won the CUNA Technology Council's eSolutions Best Practice Award at its eighth annual conference. Summit is a unit of Fiserv, Inc. (Nasdaq: FISV).

Entrants were required to explain how their credit union has made its e-commerce function more efficient for its members and identify areas setting their particular Internet presence apart. In addition, entrants were asked to discuss the technologies being used to provide these efficiencies With the primary purpose at Purdue Employees FCU of "helping members achieve financial independence," their award winning submission summarized Purdue's desire to provide the best member service possible. In order to provide their members with the tools to fulfill their needs while at the same time automating historically manual processes within the credit union, they chose Summit's eMember Suite Internet banking application.

Purdue's submission described working with Summit to develop its eMember portal, PEFCU Online, for their membership and incorporated discussion of key functionality such as providing members with the ability to select their own user ID and password, and then accessing their account via a login widget on the Web site. Members also have the ability to set up cross account access to multiple approved accounts. An example was provided of a member logging into their primary account, and cross over to their child's account without ever logging out.

In addition, the submission discusses the tabs and links approach providing seamless interfaces to both internal and third party applications in these areas:

Account Access - Allows members to review their account summary and account history. A member can view check images in account history, as well as download selected dates of history into Quicken(R) and MS Money(R). This also provides for immediate transfers and scheduled future transfers to all applicable suffixes, including approved cross account suffixes. The scheduled transfers are customizable to a member's needs, and can be edited or deleted at will.

ePay -Links to PEFCU'S branded site with Checkfree(R), which completely integrates the look and feel of the credit union's Web site and also includes person-to-person email payment ability.

View My Accounts - Provides PEFCU's members with account aggregation ability through a relationship with Members Development Corporation in partnership with Yodlee.

eStatements - Provides member access to all of their electronic statements. The estatement is in a PDF format that can be printed and/or downloaded. EStatements are produced and hosted by DataMail Corporation.

eAlert - Allows a member to set an alert to trigger email notifications when balances are over or under a certain amount. Each alert can also have a specific customized message that would be displayed in the email. The eAlert functionality was developed in house using an XML interface to Summit, providing the member complete control over knowing how their money is flowing in and out of their account at all times.

Member Services - Allows members to change their own mailing address and email address, also utilizing Summit's Pathways XML interface.

Purdue Employees FCU also described how this technology contributed to their success by automating previously manual processes:

-- The scheduled transfer process historically existed as a

manual process, whereas now the member controls the transfer

timeline.

-- A member can pull the check image up and print it with no call

to the call center.

-- Now members can change their address in real-time without

having to contact the call center.

-- The increased functionality of the ePay product has given the

member the freedom to take their bill pay experience to

another level. A member can sign up for ebills within their

ePay account, and the bill will be electronically transmitted

to their account. It eliminates paper bills from being mailed

to their home, and all of the ebills are in one location

within the portal.

The winning submission also indicates that the new functionality has been very well received by the credit union's membership base with nearly 21,000 enrolled members to date.

Summit Information Systems provides both in-house and hosted, advanced technology solutions to more than 300 North American credit unions. For more than 20 years, Summit has focused on the long-term success of their clients by developing and supporting information technology solutions, applications, and network solutions.

Summit provides product suites scaled to the needs of credit unions in addition to producing development tools for third party application integration. The SPECTRUM system, the core of Summit's offerings, is a state-of-the-art transaction processing system providing seamless front and back-office functionality, credit unions can select additional functionality as their needs grow.

Fiserv, Inc. (Nasdaq: FISV) provides industry leading information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 14,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $2.3 billion in processing and services revenues for 2002. Fiserv can be found on the Internet at www.fiserv.com.