Fiserv's BANKLINK Unit Chosen by Union Bank of California to Provide Remote Deposit Technology to Its Corporate Customers
NEW YORK, May 11, 2006 (BUSINESS WIRE) -- BANKLINK, a unit of Fiserv Inc. (Nasdaq:FISV), and Union Bank of California (UBOC) have agreed to deliver the iLINK Remote Deposit product to the bank's commercial banking customers for remote corporate capture and deposit services.
The iLINK Remote Deposit module is a fully Web-based application that allows commercial banking customers to scan and electronically submit all of their deposits directly from their offices, eliminating trips to the branch and improving their cash flow. Union Bank of California will brand this solution Remote Image Deposit and deliver it to the bank's commercial customers in conjunction with its existing online suite of commercial cash management services.
"In our search for the best features in a remote deposit service for our customers, we believe the iLINK Remote Deposit Web solution will exceed their expectations," said Michael Grazer, vice president of UBOC. "We anticipate a rapid adoption of our Remote Image Deposit service, and by partnering with Fiserv BANKLINK, we believe we will continue to exceed expectations in this emerging and constantly evolving world of corporate remote image capture."
"We look forward to our partnership with UBOC," said Gary Kasik, president of BANKLINK. "The bank's commitment to delivering products and services to its customers using leading-edge technology combined with complete dedication to customer satisfaction represents a perfect match for Fiserv BANKLINK. UBOC has clearly raised the bar for the rest of the industry. We embrace the leadership role UBOC has taken through this new partnership and expect a long and mutually beneficial relationship."
BANKLINK, on the Web at www.BANKLINK.com, leads the market with innovative treasury management products and services to provide solutions for financial institutions. Established in 1977 as a full-service electronic banking company, BANKLINK today provides product and service solutions to financial institutions worldwide to meet the needs of its treasury management customers. BANKLINK offers the iLINK platform for information reporting, data exchange, multibank reporting, positive pay and transaction initiation services, including ACH, cash concentration, remote deposit, wire initiation and WireXchange. BANKLINK, located in New York City, is a business unit of Fiserv, Inc.
Based in San Francisco, UnionBanCal Corporation (NYSE:UB) is a bank holding company with assets of $48.8 billion as of March 31, 2006. Its primary subsidiary, Union Bank of California, N.A., had 321 banking offices in California, Oregon and Washington, and 18 international facilities as of March 31, 2006. The company's Web site is located at www.uboc.com.
Fiserv, Inc. (Nasdaq:FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing, software and systems solutions. The company serves more than 17,000 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 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management, and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com.
SOURCE: Fiserv Inc.
BANKLINK Marypat Davis, 212-419-3026 or Fiserv, Inc. Mike Muckian, 262-879-5667
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