First Federal Savings Bank Selects Integrated Solution Set from Fiserv
Cleartouch bank platform provides $400 million institution with a
real-time, secure outsourced banking solution featuring .NET technology
Solution set includes online banking, bill pay, EFT and item processing
First Federal looks to Fiserv to help achieve growth objectives and
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), the leading global provider of financial services
technology solutions, announced today that First Federal Savings Bank of
Ottawa, Ill., with $400 million in assets, has completed its
implementation of an integrated banking solution based on the
bank platform. Cleartouch from Fiserv is a real-time account
processing solution that integrates with an array of Fiserv products to
address the retail and commercial banking needs of growing community and
mid-sized banks. An online, outsourced solution, Cleartouch offers a
hybrid processing environment for both memo-posting and real-time
In addition to the Cleartouch bank platform for account processing,
First Federal chose an integrated suite of solutions from Fiserv,
including modules from EFT Solutions, Branch Source Capture™, Item and
Statement processing, Prologue™ General Ledger and the iVue®
for Cleartouch, a business intelligence solution. Future plans include
the implementation of Retail Online™, for Internet banking, and CheckFree®
RXP® for bill payment.
"The Cleartouch bank platform has the features and functionality First
Federal Savings Bank was looking for in a fully integrated core
processing solution," said Larry Bartman, senior vice president and
Chief Financial Officer at First Federal. "Having now completed our very
successful conversion, fully supported by experts from Fiserv, I am sure
we made the right choice for a long term technology partner."
"In working with First Federal and aligning our recommendations with the
strategic vision for the organization, it was clear they understand the
importance of technology and appreciate the advantages of integration,"
said Tom McBride, president, Cleartouch, Bank Solutions, Fiserv. "We
look forward to providing them with the solutions and services that will
allow them to achieve their long term strategic goals."
Enabled by the Cleartouch real-time processing environment, hundreds of
clients focus on growing customer relationships and delivering the
services their customers want, when they want them. The real-time
capabilities allow clients to enhance customer service, streamline
processes and control costs, fight fraud, and meet growing customer
expectations for immediate access to funds and information.
First Federal Saving Bank - http://www.firstfedsavingsbank.com/
Cleartouch - http://www.cleartouch.fiserv.com/Cleartouch.htm
About First Federal
First Federal Savings Bank serves the North Central region of Illinois
through 13 locations. As a mutual Savings Bank, First Federal provides
superior products and services to build relationships with our
communities, customers and employees. Established in 1889, First Federal
Savings Bank has been serving the needs of its customers for over 120
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.
Senior Vice President
Source: Fiserv, Inc.
News Provided by Acquire Media
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