New platform aligns with bank’s real-time operations, in step with
how people live and work
BROOKFIELD, Wis.--(BUSINESS WIRE)--Jun. 18, 2018--
Inc. (NASDAQ:FISV), a leading global provider of financial services
technology solutions, announced today that Dollar Bank will update its
digital banking and payment capabilities with a focus on the customer
experience. One of the first financial institutions in the United States
to offer online banking, Dollar Bank will build on its history of
digital innovation with the implementation of Architect™
from Fiserv. The bank will also add integrated bill payment,
person-to-person (P2P) payment, and money transfer capabilities.
Dollar Bank has grown by consistently serving customer needs for
essential financial services, including mortgages, consumer loans, and
checking and savings accounts. While these everyday banking needs remain
strong, demand for digital interactions is growing.
“With our customers’ expectations advancing quickly, we’re in a race to
stay current,” said Joseph Toth, Executive Vice President and Chief
Operating Officer, Dollar Bank. “The ability to deliver a customized
digital experience was an important consideration for us. We currently
have a proprietary digital banking platform, and with Fiserv technology
we will continue to have that flexibility and ability to differentiate.
Our goal is to be as close to state of the art as possible.”
Dollar Bank evaluated three different providers and selected Fiserv
because the Architect solution fit with the bank’s strategy for customer
interaction. Architect is compatible with the bank’s proprietary core
processing platform, and can support its real-time operations approach.
“We are a real-time bank posting transactions as they occur instead of
in one batch,” said Toth. “Real-time is fundamental to how we operate,
so we have to be sure any surround technology will fit into that
Architect offers a single platform for retail and business banking,
giving Dollar Bank customers an intelligent digital banking experience
across online, mobile and tablet devices. The bank will also add a set
of robust electronic payment solutions, including CheckFree® RXP®
for electronic bill presentment and payment, Turnkey Service for Zelle®
for P2P payments, and TransferNow® for account to account
transfers, enabling comprehensive and convenient money movement for
“For the majority of people, their daily banking experience is a digital
experience,” said Kevin Schultz, president, Digital Banking, Fiserv.
“Delivering more robust digital banking and payments capabilities
aligned with how people prefer to bank will enable Dollar Bank to
continue to build lasting connections with their customers.”
In a world moving faster than ever before, Fiserv helps clients deliver
solutions in step with the way people live and work today – financial
services at the speed of life. Learn more at fiserv.com.
About Dollar Bank
Dollar Bank operates more than 70 locations throughout Pennsylvania,
Ohio and Virginia and has over 1,300 employees. For more than 160 years,
Dollar Bank has grown to become a large, full service, regional bank
committed to providing the highest quality of banking services to
individuals and businesses. Dollar Bank (www.dollar.bank)
is headquartered in Pittsburgh, Pennsylvania.
Fiserv, Inc. (NASDAQ:FISV) enables clients worldwide to create and
deliver financial services experiences in step with the way people live
and work today. For more than 30 years, Fiserv has been a trusted leader
in financial services technology, helping clients achieve best-in-class
results by driving quality and innovation in payments, processing
services, risk and compliance, customer and channel management, and
insights and optimization. Fiserv is a member of the FORTUNE®
500 and has been named among the FORTUNE Magazine World's Most Admired
Companies® for five consecutive years, recognized for
strength of business model and innovation leadership. For more
information, visit fiserv.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180618005430/en/
Source: Fiserv, Inc.
Director, Public Relations
Sr. Director, Public Relations