Brookfield, Wis., January 26, 2011 - Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that Zions Bancorporation is making Check Recovery from Fiserv available to its business customers. This electronic check re-presentment service streamlines and accelerates the recovery of bad checks and lost funds by automating the collection process.
Through strategically timed, electronic check re-presentment and the most advanced online reporting capabilities available, Check Recovery will provide Zions Bancorporation's business customers with a free end-to-end solution for lost funds recovery. An optional point-of-sale check authorization component can also significantly reduce exposure to fraud and loss.
"We looked at several check recovery solutions and chose Fiserv because of the robustness and flexibility of the service," said Debbie Innes, executive vice president, Zions Bancorporation. "Plus, we have a long-standing relationship with Fiserv and know we can count on them to provide the level of service and commitment we require at Zions."
"Check Recovery Services from Fiserv will relieve Zions Bancorporation business customers of the time-consuming and costly burden of collecting returned checks, freeing up needed cash flow for their businesses," said Ken Patrick, managing director of Revenue Enhancement Solutions at Fiserv. "Additionally, Zions has decided to offer Check Recovery as a free service to its business customers, providing more value to those customers and helping to deepen those relationships."
Zions Bancorporation, a longstanding client, also uses account processing, bill payment, ACH processing, cash supply chain management, risk and compliance and remittance solutions from Fiserv.
About Zions Bancorporation
Zions Bancorporation (NASDAQ: ZION) is one of the nation's premier financial services companies, consisting of a collection of great banks in select Western markets. Zions operates its banking businesses under local management teams and community identities through approximately 500 offices in 10 Western and Southwestern states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. The company is a national leader in Small Business Administration lending and public finance advisory services. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to subsidiary banks can be accessed at www.zionsbancorporation.com.
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Fiserv is ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry. For more information, visit www.fiserv.com.