Fiserv Says Adoption Rates of Premierecom and Premierecorp Internet Banking Products Top the Industry
Fiserv Says Adoption Rates of Premierecom and Premierecorp Internet Banking Products Top the Industry
November 15, 2005
Fiserv Says Adoption Rates of Premierecom and Premierecorp Internet Banking Products Top the IndustryBROOKFIELD, Wis.--Nov. 15, 2005--Fiserv, Inc. (Nasdaq:FISV) said more financial institutions are using its Premierecom and Premierecorp Internet banking systems than any other solution in the industry. Since the release of Premierecom in 2000, more than 1,500 financial institutions - an average of 23 a month - have adopted it as their consumer Internet banking solution. Sales of the business Internet banking product Premierecorp, currently licensed at more than 800 institutions, have averaged 25 per month since its release in 2002.
The ability to do online banking in real time is important to the customers of $1 billion Danversbank in Danvers, Mass. "A customer once told me they love to visit their money and that's exactly what these Internet banking solutions do for both our retail and commercial clientele," said Lisa Rose, Danversbank CIO. "They have a single source of entry to every aspect of their account, and they can do everything from online banking and bill payment to check images and forms."
Bob Lee, assistant vice president at $285 million Greer State Bank in Greer, S.C., added that integration was a major factor in the bank's recent decision to deploy both Internet banking solutions. "All delivery channels work seamlessly together, taking us to the next level of customer service," he said. "I'm especially looking forward to providing electronic statements. The ability to generate ACH files will also be very appealing to our small business customers."
This year alone, 177 financial institutions deployed Premierecom and 133 licensed Premierecorp. "Real-time access to account information, tight integration, feature functionality and security are among the most attractive features of these products," said Kim Killingsworth, senior vice president of Fiserv's eSolutions business unit. "Plus, financial institutions have the choice of licensing these products in an in-house, outsourced or ASP environment, which is unique among Internet banking solutions."
"Those qualities were important to a large number of our clients who have migrated from competing products," said Fiserv Bank Systems Group President Michael Gantt. "It also has a lot to do with why Premierecom and Premierecorp are the most popular and fastest-growing products among Fiserv's e-commerce and Internet banking solutions."
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured 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 ability to do online banking in real time is important to the customers of $1 billion Danversbank in Danvers, Mass. "A customer once told me they love to visit their money and that's exactly what these Internet banking solutions do for both our retail and commercial clientele," said Lisa Rose, Danversbank CIO. "They have a single source of entry to every aspect of their account, and they can do everything from online banking and bill payment to check images and forms."
Bob Lee, assistant vice president at $285 million Greer State Bank in Greer, S.C., added that integration was a major factor in the bank's recent decision to deploy both Internet banking solutions. "All delivery channels work seamlessly together, taking us to the next level of customer service," he said. "I'm especially looking forward to providing electronic statements. The ability to generate ACH files will also be very appealing to our small business customers."
This year alone, 177 financial institutions deployed Premierecom and 133 licensed Premierecorp. "Real-time access to account information, tight integration, feature functionality and security are among the most attractive features of these products," said Kim Killingsworth, senior vice president of Fiserv's eSolutions business unit. "Plus, financial institutions have the choice of licensing these products in an in-house, outsourced or ASP environment, which is unique among Internet banking solutions."
"Those qualities were important to a large number of our clients who have migrated from competing products," said Fiserv Bank Systems Group President Michael Gantt. "It also has a lot to do with why Premierecom and Premierecorp are the most popular and fastest-growing products among Fiserv's e-commerce and Internet banking solutions."
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured 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.