Fiserv Launches Central Source Capture to Help Financial Institutions Adapt to Shifting Check Processing Demands
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced the launch of Central Source
Capture™, a web-based, end-to-end check capture and processing solution.
With Central Source Capture from Fiserv, financial institutions are able
to scale their check processing solution to meet demand while also
capturing check images and data and routing each item for posting or
distribution based on rules established by the institution.
"Even though check volumes continue to decline, check processing is
still a necessary and important function for financial institutions.
Unfortunately, many of the legacy, centralized check processing systems
have become antiquated, making them costly, complex systems to
maintain," said Gary Brand, director, Source Capture Solutions, Fiserv.
"With Central Source Capture from Fiserv we are giving financial
institutions a modern, cost effective item processing solution so that
they can focus their resources on other areas within their institution
where demand is growing."
Designed for use by large financial institutions, Central Source Capture
automates all aspects of the item processing operation including
capture, data perfection, electronic cash lettering, clearing,
settlement and outputs to posting and image archive. This reduces the
need for specialized resources to manage the movement of paper checks.
Additionally, Central Source Capture integrates seamlessly with core
account processing systems and remote capture applications to provide an
end-to-end image exchange workflow regardless of the point of capture.
This includes integration with the Fiserv suite of Source Capture
Solutions, which is made up of solutions such as Mobile Source Capture™,
ATM Source Capture™, Branch Source Capture™ and Merchant Source Capture™.
"We believe Central Source Capture is ideally suited to current market
needs, and we already have two clients implementing the service," said
"With the pace of change accelerating, financial institutions are faced
with resource challenges. A solution that helps financial institutions
streamline item processing functions can free up time and money to
dedicate toward strategic initiatives," said Bob Meara, Senior Analyst,
On Thursday, June 14, Fiserv will host a free webinar to demonstrate how
Central Source Capture can help financial institutions reduce item
processing costs, enable enterprise-wide duplicate detection and provide
a common architecture for all check capture and processing operation.
For more information on the webinar or to sign-up for the event, visit http://bit.ly/KidTVm.
Fiserv is the leading provider of check processing solutions in the U.S.
and provides a host of check processing solutions for financial
institutions of all sizes.
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry. Fiserv is driving innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For six of the past
eight years, Fiserv ranked No. 1 on the FinTech 100, an annual
international listing of the top technology providers to the financial
services industry. For more information, visit www.fiserv.com.
Public Relations Manager
Source: Fiserv, Inc.
News Provided by Acquire Media
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