Fiserv Continues to Gain Momentum with Bank Account Processing Solutions

May 4, 2015

Brookfield, Wis., May 4, 2015 – Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that it continues to gain momentum in the core processing space. Fiserv is the U.S. market leader in account processing services, and more than one-third of U.S. financial institutions rely on Fiserv for core processing solutions and expertise.

Fiserv has the industry's widest range of bank account processing platforms, available for in-house or outsourced processing. All are created with a broad, deep understanding of banking that adds value at every level and each has a distinctive combination of services and features, ranging from integrated surround solutions to open architecture to real-time processing capabilities, as unique as the needs of the bank using it.

Citizens Bank of Forsyth County, a $240 million asset bank in Georgia, implemented Precision in October 2014. "The delivery, support and follow-up are what differentiate Fiserv. I can't say enough about our Fiserv team; they're first class," said Tim Perry, CEO, Citizens Bank of Forsyth County. "I've been through three core conversions in my career, and this one with Fiserv was by far the easiest. I feel really good about our decision to go with Fiserv."

One of the 100 largest banks in the country, Seattle-based Washington Federal selected DNA in February 2014 to facilitate growth and increase efficiency. "Our partnership with Fiserv is a long-term investment in the way we deliver value to our customers and stockholders," said Brent Beardall, chief banking officer, Washington Federal. "The flexibility, scalability and modern design of DNA will help us meet our growth plans now and in the future."

First Utah Bank, a $330 million community bank based in Salt Lake County, will be transitioning to the Fiserv Premier platform in June 2015. "Fiserv has been extremely helpful and supportive throughout this transition and we are looking forward to providing our customers with the up–to-date technology that Fiserv has to offer, while still maintaining that personal service our customers expect from a locally-owned community bank," said Brad R. Baldwin, president and CEO.

Fairfax, Iowa-based Fairfax State Savings Bank implemented Precision in September 2014. "We chose Precision due to the high-quality relationships developed and for its modern, open technology that adapts easily to change and will serve our customers well into the future," said Patrick Slater, senior vice president and bank director, Fairfax State Savings Bank. "Our customers like the personal service they receive from a community bank like ours, but they still want the latest digital financial services. Fiserv solutions will enable us to capitalize on innovative technology to match product delivery with customer preferences."

"As the market leader, we continue to see significant demand for all of our core processing solutions – both in-house and outsourced – by banks of all sizes," said Teri Carstensen, president, Bank Solutions, Fiserv. "These clients, powered by Fiserv core processing solutions, plus many of our innovative, integrated surround solutions, are now well positioned for the future in a rapidly evolving industry."

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leader in financial services technology and one of FORTUNE® magazine's World's Most Admired Companies. Fiserv enables clients to achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.

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For more information contact:

 

Media Relations:
Julie Nixon
Senior Public Relations Manager
Fiserv, Inc.
678-375-3744
julie.nixon@fiserv.com

Additional Contact:
Ann Cave
Director, Public Relations
Fiserv, Inc.
678-375-4039
ann.cave@fiserv.com