The Church Pension Group Chooses Fiserv ID3 System To Support Individual and Trust Business; Agreement Expands CPG Relationship With Fiserv.Business Editors CEDAR RAPIDS Cedar Rapids, city (1990 pop. 108,751), seat of Linn co., E central Iowa, on the Cedar River; inc. as a city 1856. The second largest city in Iowa, it is named for the surging rapids in the river. , Iowa--(BUSINESS WIRE)--April 5, 2002 Fiserv Life Insurance Solutions (LIS LIS - Langage Implementation Systeme. A predecessor of Ada developed by Ichbiah in 1973. It was influenced by Pascal's data structures and Sue's control structures. A type declaration can have a low-level implementation specification. ), a unit of Fiserv, Inc. (Nasdaq: FISV FISV Fiserv, Inc (stock symbol) ) has signed a license agreement with The Church Pension Group (CPG CPG central pattern generators. ), New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , for the Fiserv ID3 life, annuity and health insurance administration system. The agreement expands a relationship that began in 2000 when a CPG affiliate, The Church Insurance Company, contracted with Fiserv for property and casualty software. The Church Pension Group, which provides pension, financial and insurance services for Episcopal church communities nationwide, consists of six affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . Two of the companies, Church Life Insurance Corporation and The Episcopal Church Medical Trust, will begin aggressive project schedules to implement and convert existing business to the ID3 software. The ID3 software system offered by Fiserv LIS is used to administer an array of life, health and annuity products throughout the insurance industry. The ID3 technical architecture incorporates a relational data model (database) relational data model - (Or "relational model") A data model introduced by E.F. Codd in 1970, particularly well suited for business data management. In this model, data are organised in tables. The set of names of the columns is called the "schema" of the table. , Web enablement and an integrated tool set that provides information access. Church Life Insurance Corporation has been serving the Episcopal community for over 80 years, offering a variety of financial products and services for Episcopal clergy, lay employees and volunteer workers and their families. The company will convert its existing insurance business from an outdated PC system to the ID3 system. The Episcopal Church Medical Trust, established in 1978, plans to eliminate its separate administration system by converting to the ID3 software Fiserv Life Insurance Solutions (LIS) as well. "We were seeking a business partner that could offer the product we need today, as well as the ongoing services, technological insight and products we need to accomplish our long- range objectives," said Thomas C. Barron, Executive Vice President, Affiliate Operations. "We are very pleased to extend our relationship with Fiserv." Fiserv LIS, located on the Internet at www.fiservlis.com, is a computer software, services and outsourcing provider serving the needs of the life, annuity and health insurance industries. Based in Cedar Rapids, Iowa, the company was formed in 1956, became a Fiserv company in 1998 and currently employs more than 100 insurance professionals and software technicians. 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 IDP automatic data processing, ADP - data processing by a computer and information management systems to the financial industry. As a leading technology resource, Fiserv serves approximately 13,000 financial service providers worldwide, including banks, broker/dealers, credit unions, financial planners/investment advisers, insurance companies and agents, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com. |
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