PCS Unit of Fiserv Attracts 42 New Bank Clients for Core Banking Systems in 2004
PCS Unit of Fiserv Attracts 42 New Bank Clients for Core Banking Systems in 2004
March 4, 2005
PCS Unit of Fiserv Attracts 42 New Bank Clients for Core Banking Systems in 2004SIOUX FALLS, S.D.--March 4, 2005--Precision Computer Systems (PCS), a unit of Fiserv, Inc. (Nasdaq:FISV), 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 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 and ancillary applications, two will use the company's alternative BAIS core banking system.
Almost a quarter of the 42 new bank clients will outsource PCS Vision through the PCS Resource Management Division (RMD) 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 of Columbia Banking System, Inc. (Nasdaq:COLB), 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 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 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.
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 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 and ancillary applications, two will use the company's alternative BAIS core banking system.
Almost a quarter of the 42 new bank clients will outsource PCS Vision through the PCS Resource Management Division (RMD) 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 of Columbia Banking System, Inc. (Nasdaq:COLB), 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 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 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.