BROOKFIELD, Wis., Oct 01, 2007 (BUSINESS WIRE) -- NetEconomy, a business unit of Fiserv, Inc. (NASDAQ: FISV), and the global leader in financial crime management and compliance solutions, announced today that Espirito Santo Bank has selected its comprehensive, anti-money laundering solution, ERASE Compliance Manager. Adding this solution will help Espirito Santo Bank to comply with regulatory requirements and to detect, analyze and report potential money laundering and terrorist financing activity.

Owned by Banco Espirito Santo (BES), the second largest bank in Portugal with more than $75 billion in total assets and ranked as one of the top ten banks in all of continental Europe, Espirito Santo Bank is a non-member, state-chartered bank located in Miami, Fla. with mainly foreign nationals as customers, due to its close proximity to Latin America and the Caribbean. By adding the ERASE Compliance Manager, Espirito Santo Bank will be able to monitor transactions to automatically detect suspicious activity, and leverage user-friendly investigation tools and a built-in case management system that tracks, prioritizes and manages cases, and automates reporting for SARs and CTRs.

"Given the location and clientele of our financial institution, it was critical for Espirito Santo Bank to select a robust and comprehensive solution that would significantly reduce our risk profile," said Martin Prego, senior vice president and head of compliance of Espirito Santo Bank. "We selected NetEconomy because it offered the smartest solution with a full range of cutting-edge capabilities that would improve the quality and effectiveness of our compliance operations. And because the system is so flexible, we won't need to add new staff over time as new regulations become increasingly more stringent."

Prego added, "With NetEconomy's solution we can help our bank expand into lines of business considered 'High Risk,' such as foreign correspondent banking and money service businesses, that without NetEconomy, we would be too at-risk to provide. We are extremely pleased with the choice of NetEconomy and look forward to the added value across multiple fronts that the solution will provide to our financial institution."

"As a financial institution serving foreign nationals operating across Latin America and the Caribbean, Espirito Santo Bank required a solution that would minimize risk while at the same time improve compliance processes and maximize resources," said Andrew Davies, general manager and sales director of the Americas, of NetEconomy. "We are very pleased to help Espirito Santo Bank address these complex challenges to safeguard their firm and improve compliance operations."

To view a web demo follow this link NetEconomy Demo or for more information visit www.neteconomy.com.

About NetEconomy

NetEconomy, based in The Hague, with offices in London, Paris, Boston, New York, Sydney, Shanghai and Kuala Lumpur, Malaysia, and distributors and strategic partners across South Africa, Australia, Europe, Southeast Asia and the United States, is the leading provider of financial crime management and compliance solutions. With more than 140 implementations across 58 countries, NetEconomy brings business value to its worldwide client base through its personalized customer approach for minimizing regulatory risk, delivering measurable results and protecting corporate brand and reputation. For more information, please visit www.neteconomy.com. For more information on NetPractice, visit www.netpractice.org.

About Fiserv, Inc.

Fiserv, Inc. (NASDAQ:FISV), a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 18,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Headquartered in Brookfield, Wis., Fiserv reported more than $4.4 billion in total revenue for 2006. For more information, please visit www.fiserv.com.

(FISV-G)

SOURCE: Fiserv, Inc.

Fiserv
Lori Stafford, 262-879-5130
Assistant Vice President Corp. External Comm.
Lori.stafford@fiserv.com
or
NetEconomy
Alison Holland, 508-893-6066
Director, Worldwide Marketing
aholland@neteconomy.com

Copyright Business Wire 2007

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