Countrywide Bank Chooses Fiserv; Ability to Bring New Products To Market Key For Subsidiary of Countrywide Financial Corporation
Countrywide Bank Chooses Fiserv; Ability to Bring New Products To Market Key For Subsidiary of Countrywide Financial Corporation
November 22, 2004
Countrywide Bank Chooses Fiserv; Ability to Bring New Products To Market Key For Subsidiary of Countrywide Financial CorporationLAKE MARY, Fla.--Nov. 22, 2004--Fiserv, Inc. (Nasdaq:FISV) said Countrywide Bank chose Fiserv CBS Worldwide as its new information technology partner. Countrywide Bank is a division of Treasury Bank, N.A., a $30 billion bank that is a subsidiary of Countrywide Financial Corp.
"We chose Fiserv over the incumbent and other challengers because of the richness of product offerings, functionality and Fiserv's ability to expedite the delivery of new products," said Paul Decoff, chief operations officer for Countrywide Bank. "This product suite from Fiserv provides an enterprise-wide, customer-lifecycle-management approach that complements Countrywide's strategic direction."
Greg Green, chief operating officer of Fiserv CBS Worldwide, said the selection of CBS Worldwide reinforces the company's recent successes in the core processing market for financial institutions over $1 billion in assets.
"We are very pleased that yet another large bank in our space has seen what we have to offer in terms of product, performance, support and a peer group. We look forward to working closely with Countrywide Bank as we implement the progressive, agile system they require," Green said.
Countrywide Bank, a division of Treasury Bank, N.A., is a member of the Countrywide Financial Corp. (NYSE: CFC) family of companies. Countrywide Bank offers highly competitive rates on certificates of deposit, money market and individual retirement accounts. Countrywide Bank consistently earns the Top Tier Award from Bankrate.com® for offering deposit products having relatively high annual percentage yields (APYs) compared with other institutions during the same quarter. Customers can review banking products and services, check rates on deposits, and apply for new accounts by phone, online or at one of the financial centers. For more information about Countrywide Bank, call (877) CWBANK-5 or visit www.countrywidebank.com.
Fiserv CBS Worldwide is a unit of Fiserv and a major financial information systems provider serving the global marketplace. More than 200 commercial banks, private banks, finance houses, building societies, credit unions, thrifts and diversified financial companies use Fiserv CBS technology. Fiserv CBS Worldwide is on the Internet at www.fiservcbs.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 15,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $2.7 billion in processing and services revenues for 2003. Fiserv can be found on the Internet at www.fiserv.com.
"We chose Fiserv over the incumbent and other challengers because of the richness of product offerings, functionality and Fiserv's ability to expedite the delivery of new products," said Paul Decoff, chief operations officer for Countrywide Bank. "This product suite from Fiserv provides an enterprise-wide, customer-lifecycle-management approach that complements Countrywide's strategic direction."
Greg Green, chief operating officer of Fiserv CBS Worldwide, said the selection of CBS Worldwide reinforces the company's recent successes in the core processing market for financial institutions over $1 billion in assets.
"We are very pleased that yet another large bank in our space has seen what we have to offer in terms of product, performance, support and a peer group. We look forward to working closely with Countrywide Bank as we implement the progressive, agile system they require," Green said.
Countrywide Bank, a division of Treasury Bank, N.A., is a member of the Countrywide Financial Corp. (NYSE: CFC) family of companies. Countrywide Bank offers highly competitive rates on certificates of deposit, money market and individual retirement accounts. Countrywide Bank consistently earns the Top Tier Award from Bankrate.com® for offering deposit products having relatively high annual percentage yields (APYs) compared with other institutions during the same quarter. Customers can review banking products and services, check rates on deposits, and apply for new accounts by phone, online or at one of the financial centers. For more information about Countrywide Bank, call (877) CWBANK-5 or visit www.countrywidebank.com.
Fiserv CBS Worldwide is a unit of Fiserv and a major financial information systems provider serving the global marketplace. More than 200 commercial banks, private banks, finance houses, building societies, credit unions, thrifts and diversified financial companies use Fiserv CBS technology. Fiserv CBS Worldwide is on the Internet at www.fiservcbs.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 15,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $2.7 billion in processing and services revenues for 2003. Fiserv can be found on the Internet at www.fiserv.com.