Ohio-based bank selects Precision bank platform and an array of
additional Fiserv solutions
Popmoney, Mobiliti, CheckFree RXP and Accel debit payments network
among the comprehensive, integrated Fiserv solutions selected
Bank cites innovative technology, ease of use as factors in the
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that Andover Bank, headquartered
in Andover, Ohio, has selected the Precision® core processing
platform, Item Processing Solutions and a host of additional Fiserv
solutions in an outsourced deployment.
The $350-million bank selected Fiserv to help it compete against larger
players in its market and to provide a better experience for its
customers. With Precision, Andover will now have a flexible, scalable,
end-to-end bank platform that provides easy access to data and open
integration to a wide range of solutions to help the bank operate
efficiently, meet regulatory requirements and deliver top-notch customer
"We're a community bank so we provide a level of personal service our
customers have come to appreciate," said Steve Varckette, president,
Andover Bank. "But we also have to provide the products and services
that empower our customers to bank when and where they want. The Fiserv
solutions will help us take advantage of innovative technology to match
product delivery channels with customer preferences, allowing us to be
more competitive in our market and still provide the level of service
our customers have come to expect."
"In Fiserv, Andover Bank has found a partner to help it maintain its
customer-centricity while providing a better banking experience for
customers," said Teri Carstensen, division president, Bank Solutions,
Fiserv. "Andover joins the more than one-third of all U.S. financial
institutions that look to Fiserv to help them remain competitive,
mitigate risk and enhance customer relationships. Precision provides a
solid, scalable foundation for continued growth and innovation."
In addition to outsourced processing on the Precision bank platform and
Item Processing, Andover Bank selected Accel® debit payments
network, AccountCreateSM, Branch Source Capture™, Business
Analytics, CheckFree® RXP®, CheckFree®
Small Business, Debit Processing, Director®, Financial Cards,
Fraud Detection SystemSM, Integrated Teller for Precision,
Merchant Source Capture™, Mobiliti™, Popmoney®, Prologue™,
Prologue™ Investment Portfolio Accounting, Retail Online™, Statement
Advantage™, Teller Source Capture™, Web Design Services for Precision
and Web Hosting Services for Precision.
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
account processing solutions and expertise. Javelin Strategy & Research
named Fiserv best mobile banking provider for three consecutive years,
and Popmoney person-to-person payments are currently offered at more
than 2,200 banks and credit unions.
About Andover Bank
The Andover Bank located in Andover, Ohio celebrates 130 years of
serving the financial needs of local residents. Andover Bank has been
recognized as a Five Star Bank and has eight banking centers in
Ashtabula County and one in Lake County. The commitment to deliver the
best possible customer service and provide innovative financial services
remains the number one priority. For more information, visit www.andoverbankohio.com.
This year, Fiserv, Inc. (NASDAQ: FISV) celebrates 30 years of leadership
in financial services technology. As one of FORTUNE® magazine's
World's Most Admired Companies, Fiserv is helping clients worldwide
achieve best-in-class results by driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit www.fiserv.com.
Senior Public Relations
Director, Communications &
Source: Fiserv, Inc.
News Provided by Acquire Media