Fiserv Says Progressive Texas Bank Chooses PCS Vision Core Banking Solution
Fiserv Says Progressive Texas Bank Chooses PCS Vision Core Banking Solution
January 26, 2006
Fiserv Says Progressive Texas Bank Chooses PCS Vision Core Banking Solution SIOUX FALLS, S.D.--Jan. 26, 2006--West Texas National Bank (WTNB), a $400 million bank in Midland, Texas, chose the Precision Computer Systems (PCS) unit of Fiserv, Inc. (Nasdaq:FISV) as its new core processing provider. Establishing a technology foundation to meet current and future needs was a key reason behind the bank's decision to deploy PCS Vision.
"It has the most powerful relational database in the industry," said Jerry Rogers, WTNB executive vice president and COO.
To facilitate long-term growth strategies, the bank also licensed PCS risk management solutions, e-commerce, online ATM, document management and imaging, as well as end-to-end image exchange applications used in conjunction with the Fiserv Clearing Network. "With Precision Computer Systems, we know we'll be able to provide our customers with service that is second to none," added Rogers.
Additional factors influencing the bank's decision included PCS client references as they relate to customer support, product flexibility and ease of use. "We spoke with more than 50 financial institutions and each of them gave PCS top marks for customer service, conversions and system capabilities," said Rogers.
"WTNB is progressive in their growth and technology demands," said PCS President Mark Blankespoor. "Based on the bank's objectives and desire for enhanced customer relationships, we believe our technology, product and service offerings provide a competitive advantage and will enable the bank to better serve their customers and market." WTNB's conversion to the PCS in-house system is scheduled for May 2006.
West Texas National Bank is an intrastate bank that currently operates nine offices throughout west Texas. WTNB's mission is to provide outstanding banking services to its loyal customers while increasing the long-term value of its owners' investment. WTNB was chartered in 2000 and is a result of a merger between three independent banks. The bank is a wholly owned subsidiary of First West Texas Bancshares, Inc. (FWTBS), a one-bank holding company located in Midland, Texas. WTNB can be found on the Internet at www.wtnb.com.
Located in Sioux Falls, S.D., Precision Computer Systems (PCS) is a leading supplier of core banking products. PCS Vision, the company's flagship system, is complemented by a full line of optional modules including Internet banking, document management and imaging, risk management and fraud prevention, platform, e-commerce and marketing applications. PCS provides both in-house and outsourced solutions to community banks ranging from de novo to multibillion-dollar institutions. A reputation for software service and reliability contribute to the company's 99 percent client retention rate. Part of the Fiserv family of companies, PCS is a subsidiary of Information Technology, Inc. (ITI) and can be found on the Internet at www.pcsbanking.com.
Fiserv, Inc. (Nasdaq:FISV) is a provider of 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 2004 and 2005 FinTech 100 surveys by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.
"It has the most powerful relational database in the industry," said Jerry Rogers, WTNB executive vice president and COO.
To facilitate long-term growth strategies, the bank also licensed PCS risk management solutions, e-commerce, online ATM, document management and imaging, as well as end-to-end image exchange applications used in conjunction with the Fiserv Clearing Network. "With Precision Computer Systems, we know we'll be able to provide our customers with service that is second to none," added Rogers.
Additional factors influencing the bank's decision included PCS client references as they relate to customer support, product flexibility and ease of use. "We spoke with more than 50 financial institutions and each of them gave PCS top marks for customer service, conversions and system capabilities," said Rogers.
"WTNB is progressive in their growth and technology demands," said PCS President Mark Blankespoor. "Based on the bank's objectives and desire for enhanced customer relationships, we believe our technology, product and service offerings provide a competitive advantage and will enable the bank to better serve their customers and market." WTNB's conversion to the PCS in-house system is scheduled for May 2006.
West Texas National Bank is an intrastate bank that currently operates nine offices throughout west Texas. WTNB's mission is to provide outstanding banking services to its loyal customers while increasing the long-term value of its owners' investment. WTNB was chartered in 2000 and is a result of a merger between three independent banks. The bank is a wholly owned subsidiary of First West Texas Bancshares, Inc. (FWTBS), a one-bank holding company located in Midland, Texas. WTNB can be found on the Internet at www.wtnb.com.
Located in Sioux Falls, S.D., Precision Computer Systems (PCS) is a leading supplier of core banking products. PCS Vision, the company's flagship system, is complemented by a full line of optional modules including Internet banking, document management and imaging, risk management and fraud prevention, platform, e-commerce and marketing applications. PCS provides both in-house and outsourced solutions to community banks ranging from de novo to multibillion-dollar institutions. A reputation for software service and reliability contribute to the company's 99 percent client retention rate. Part of the Fiserv family of companies, PCS is a subsidiary of Information Technology, Inc. (ITI) and can be found on the Internet at www.pcsbanking.com.
Fiserv, Inc. (Nasdaq:FISV) is a provider of 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 2004 and 2005 FinTech 100 surveys by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.