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Astra Bank cites full integration, ease-of-use, innovative product
offerings and scalability as determining factors in the selection of
Fiserv
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Century-old Kansas-based bank chose Fiserv to support continued
organic and acquisition growth
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Multi-product implementation of Fiserv solutions includes online
banking and bill pay, person-to-person payments, card services, remote
deposit capture, new account management, business intelligence and
electronic content management
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that Astra Bank, headquartered in
Scandia, Kan., has completed its implementation of the Precision®
bank platform alongside an array of Fiserv solutions.
The 100 year-old bank, with five locations in Kansas and Nebraska and
assets of $184 million, is taking a big step forward into its second
century by selecting a suite of innovative solutions from Fiserv. Full
integration of these solutions will enable Astra Bank to consolidate
customer and account information and to decrease the need to re-enter
the same data in multiple systems. The integration between debit card
processing services from Fiserv and the Precision bank platform will
bring real-time information to frontline employees. The bank also cited
the system's scalability, user-friendly functionality and
industry-leading product offerings as key factors in its decision to
choose Fiserv.
As part of a comprehensive suite of Fiserv solutions, the bank selected
the Precision bank platform and outsourced account processing services,
as well as Branch Source Capture™ and Merchant Source Capture™ for
remote deposits, Business Analytics for enterprise-wide reporting
functionality, CheckFree® RXP® for bill payment,
ZashPay® for person-to-person payments, Director™ for
document imaging, Fiserv Clearing Network for image exchange and card
services solutions for debit card processing.
"The integration and innovation offered by Fiserv products and services
is unparalleled," said Kyle Campbell, president of Astra Bank. "Prior to
selecting Fiserv we were at a competitive disadvantage and internally we
were dealing with significant headaches. As our bank continues to grow
and adapt to changing economic conditions, Fiserv enables us to offer
the services our customers want most."
Astra Bank offers a mix of retail and agricultural banking but also
supports a smaller number of commercial banking customers. Newly
implemented Source Capture Solutions® from Fiserv will give
Astra Bank competitive advantage by helping the bank to better serve
those customers with the convenience of making deposits from remote
locations, while enabling the bank to expand its footprint. Astra Bank
deployed Merchant Source Capture, which enables corporations and
merchants to make online deposits from their offices, with minimal
investment in time and equipment. The bank also implemented Branch
Source Capture, a solution that streamlines retail deposits at the back
counter and will help Astra Bank to help eliminate courier costs and
processing delays.
Having acquired two financial institutions since 2007, Astra Bank
expects to continue to grow through acquisition while expanding
organically in its existing markets. As such, the bank expects the
Fiserv solutions will scale with continued growth and aid in this
objective.
"As Astra Bank begins a second century of excellence, Fiserv looks
forward to helping the bank continue to grow by building on its
reputation for top-notch customer service and sound banking practices,"
said Teri Carstensen, division president, Bank Solutions, Fiserv.
"Together, Fiserv and Astra Bank will deliver innovative, best-in-breed
products and services to its customers, while streamlining bank
operations and increasing efficiencies. Astra Bank is now strategically
positioned for continued success, and we'll be doing all we can to help
them get there."
About Astra Bank
In 2011, Astra Bank celebrated its first 100 years in continuous
business. Headquartered in Scandia, Kan., the community bank's local
ownership spans three generations. Astra Bank has additional locations
in Abilene, Belleville and Chapman, Kan., and Sutton, Neb., and offers a
full range of products and services for individuals and businesses. To
learn more, go to www.bankwithastra.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry. Fiserv is driving innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For six of the past
eight years, Fiserv ranked No. 1 on the FinTech 100, an annual
international listing of the top technology providers to the financial
services industry. For more information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Smith
Public Relations Manager
Fiserv,
Inc.
412-577-3341
julie.smith@fiserv.com
or
Additional
Fiserv Contact:
David Carden
Senior Vice President
Bank
Solutions
Fiserv, Inc.
402-421-4211
david.carden@fiserv.com
Source: Fiserv, Inc.
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