LONDON--April 14, 2005--Millennium bcp (Banco Comercial Portugues), the largest Portuguese private bank, recently renewed its longstanding partnership with the CBS Worldwide unit of Fiserv, Inc. (Nasdaq:FISV) by signing a three-year extension. The amount of the transaction was not disclosed.
Millennium bcp, which has been a Fiserv customer for more than seven years, uses Fiserv's ICBS core and front-end systems for processing and customer servicing. Under the agreement, Fiserv CBS Worldwide will provide Millennium bcp with software updates and services to support the group's operations internationally in Portugal, France, Poland, Turkey, the United Kingdom, Angola, Mozambique, Macau, Canada, the United States and Greece.
"Combining the right technology with the highest levels of professional service provided by Fiserv CBS is the only way to stay competitive in this industry. We know we can stay ahead with the solutions that Fiserv provides," said Francisco Salema Garcao of Millennium bcp from the bank's headquarters in Lisbon, Portugal.
John Bower, managing director, Fiserv Europe Ltd., said, "We are pleased to have the opportunity to contribute to Millennium bcp's strategy by enhancing their operating efficiency and helping them to maintain their position as the standard in state-of-the-art technology. We will continue to develop leading-edge solutions that enable Millennium bcp and our other global clients to launch innovative products and services."
Millennium bcp offers clients a combination of financial strength, tailored solutions, geographic reach and flexible approach. Though Millennium bcp focuses mainly on retail business, it also has considerable involvement with small and medium businesses including banks, insurance companies, finance companies, building societies, fund managers and other financial institutions. Millennium bcp's aim is to build long-term and sustainable relationships with these clients based on trust and a professional partnership, while working together and collaborating on solutions. Millennium bcp has the systems, products and services, technology and professionals to make business competitive in this time-critical environment. Millennium bcp can be found on the Internet at www.millenniumbcp.com.
Fiserv CBS Worldwide is a unit of Fiserv, Inc. that delivers end-to-end business and technology solutions for retail banking and consumer finance institutions throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada and the United States. Through its offices in Orlando, Arlington Heights, London, Singapore, Sydney, Warsaw, Athens, Bogota, Costa Rica and Beijing, Fiserv CBS Worldwide enables more than 280 financial institutions to deliver integrated solutions for managing the entire customer lifecycle from core banking to multi-channel customer contact and business intelligence. Fiserv CBS Worldwide can be found on the Internet at www.fiservcbs.com.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing 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-insured 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 industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.