Fiserv Lending Solutions Unites its Automotive Finance Business Units; New Unit Provides Enhanced Systems and Services
Fiserv Lending Solutions Unites its Automotive Finance Business Units; New Unit Provides Enhanced Systems and Services
December 1, 2005
Fiserv Lending Solutions Unites its Automotive Finance Business Units; New Unit Provides Enhanced Systems and ServicesBROOKFIELD, Wis.--Dec. 1, 2005--Two proven leaders in the automotive finance industry, business units of the Fiserv Lending Solutions Group of Fiserv, Inc. (Nasdaq:FISV), have joined forces to offer the industry's most comprehensive set of software and services. The newly formed Fiserv Automotive Solutions (FAS) division includes the former Fiserv LeMans and the automotive services portion of RSA Solutions.
The combined operation offers a comprehensive suite of innovative solutions for automotive lenders covering originations, account servicing, loss and risk mitigation, lease maturity management and vehicle remarketing. The FAS division will be led by Kevin Collins, CEO, with Stuart Angert as president. The operation will be headquartered in King of Prussia, Pa.
"The new FAS division unites two market leaders with complementary systems and services. LeMans has succeeded in developing integrated software solutions and support services; RSA's strengths lie in lead generation, customer retention and remarketing. With the new division, lenders come to one company for all of their automotive finance needs," said James Puzniak, group president of Fiserv Lending Solutions. "The experience and brand equity brought to this new division will enhance the clients' experience of Fiserv Lending Solutions."
Lucille Conley, senior vice president for U.S. Bank, an industry leader in automotive finance, finds the new division's capabilities noteworthy. "We are excited with the prospects that flow from the synergies that are being created in the partnering of these two best-in-class organizations. We have had a long-standing, very positive relationship with each. Together, as one team, and as our business partner, they will assist us in achieving our well-defined goals," said Conley.
Visit Fiserv Lending Solutions on the Internet at www.fiservlendingsolutions.com.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners and investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2005 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.
The combined operation offers a comprehensive suite of innovative solutions for automotive lenders covering originations, account servicing, loss and risk mitigation, lease maturity management and vehicle remarketing. The FAS division will be led by Kevin Collins, CEO, with Stuart Angert as president. The operation will be headquartered in King of Prussia, Pa.
"The new FAS division unites two market leaders with complementary systems and services. LeMans has succeeded in developing integrated software solutions and support services; RSA's strengths lie in lead generation, customer retention and remarketing. With the new division, lenders come to one company for all of their automotive finance needs," said James Puzniak, group president of Fiserv Lending Solutions. "The experience and brand equity brought to this new division will enhance the clients' experience of Fiserv Lending Solutions."
Lucille Conley, senior vice president for U.S. Bank, an industry leader in automotive finance, finds the new division's capabilities noteworthy. "We are excited with the prospects that flow from the synergies that are being created in the partnering of these two best-in-class organizations. We have had a long-standing, very positive relationship with each. Together, as one team, and as our business partner, they will assist us in achieving our well-defined goals," said Conley.
Visit Fiserv Lending Solutions on the Internet at www.fiservlendingsolutions.com.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners and investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2005 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.