Fiserv's Interactive Technologies Unit Licenses Advantage Fee System to National City; Automated Fee Billing and Revenue Management Solution Meets Complex Banking Fee Challenges
Fiserv's Interactive Technologies Unit Licenses Advantage Fee System to National City; Automated Fee Billing and Revenue Management Solution Meets Complex Banking Fee Challenges
October 4, 2005
Fiserv's Interactive Technologies Unit Licenses Advantage Fee System to National City; Automated Fee Billing and Revenue Management Solution Meets Complex Banking Fee ChallengesSUMMIT, N.J.--Oct. 4, 2005--Fiserv, Inc. (Nasdaq:FISV) said its Interactive Technologies business unit has licensed the Advantage Fee System to National City Corporation (NYSE:NCC). National City was ranked among the top 10 U.S. bank holding companies in 2005 by the American Banker newspaper.
As part of the agreement, National City will license the Advantage Fee System software to automate transaction processing and to streamline fee calculation, invoicing and revenue management for the trust and wealth management areas of its banking operations.
National City was impressed by the calculation capabilities of Advantage. "After evaluating available options, we found the Advantage Fee System to be the right fit for our organization," said Larry Mick, team leader of Trust System Replacement and Money Movement at National City.
Thomas Dackow, president of Interactive Technologies, added, "We are delighted that National City has chosen the Advantage Fee System. They join an international community of more than 60 leading financial organizations that have turned to Advantage to satisfy their fee billing and revenue management needs."
National City Corporation (NYSE:NCC), headquartered in Cleveland, Ohio, is one of the nation's largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri and Pennsylvania, and also serves customers in selected markets nationally. Its core businesses include commercial and retail banking, mortgage financing and servicing, consumer finance and asset management. For more information about National City, visit the company's Web site at NationalCity.com.
Interactive Technologies, a business unit of Fiserv, Inc. (Nasdaq:FISV), is an international organization that develops and delivers software solutions that support current and emerging financial industry needs for enterprise-wide fee billing and revenue management. Founded in 1993, Interactive Technologies is based in Summit, N.J., and has additional offices in Los Angeles, London and Toronto. The company's sole product - Advantage Fee System - provides banking and financial service institutions with a comprehensive solution for streamlining, automating and managing fee-based billing operations. For more information, visit www.itadv.com.
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, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, 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 service industry in the 2004 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.
As part of the agreement, National City will license the Advantage Fee System software to automate transaction processing and to streamline fee calculation, invoicing and revenue management for the trust and wealth management areas of its banking operations.
National City was impressed by the calculation capabilities of Advantage. "After evaluating available options, we found the Advantage Fee System to be the right fit for our organization," said Larry Mick, team leader of Trust System Replacement and Money Movement at National City.
Thomas Dackow, president of Interactive Technologies, added, "We are delighted that National City has chosen the Advantage Fee System. They join an international community of more than 60 leading financial organizations that have turned to Advantage to satisfy their fee billing and revenue management needs."
National City Corporation (NYSE:NCC), headquartered in Cleveland, Ohio, is one of the nation's largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri and Pennsylvania, and also serves customers in selected markets nationally. Its core businesses include commercial and retail banking, mortgage financing and servicing, consumer finance and asset management. For more information about National City, visit the company's Web site at NationalCity.com.
Interactive Technologies, a business unit of Fiserv, Inc. (Nasdaq:FISV), is an international organization that develops and delivers software solutions that support current and emerging financial industry needs for enterprise-wide fee billing and revenue management. Founded in 1993, Interactive Technologies is based in Summit, N.J., and has additional offices in Los Angeles, London and Toronto. The company's sole product - Advantage Fee System - provides banking and financial service institutions with a comprehensive solution for streamlining, automating and managing fee-based billing operations. For more information, visit www.itadv.com.
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, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, 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 service industry in the 2004 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.