Fiserv's ITI Unit and Akcelerant Offer Advanced Collection Technology; Joint Solution Delivers Fully Featured Collection and Recovery System to Banks
Fiserv's ITI Unit and Akcelerant Offer Advanced Collection Technology; Joint Solution Delivers Fully Featured Collection and Recovery System to Banks
September 22, 2005
Fiserv's ITI Unit and Akcelerant Offer Advanced Collection Technology; Joint Solution Delivers Fully Featured Collection and Recovery System to BanksLINCOLN, Neb.--Sept. 22, 2005--Fiserv, Inc. (Nasdaq:FISV) said its Information Technology, Inc. (ITI) unit and Akcelerant Software LLC (Akcelerant) have joined forces to provide U.S. financial institutions with the ability to streamline the collection and recovery process. By integrating Akcelerant's CollectAnywhere product into ITI's Premier® suite of integrated software, America's bankers will have a powerful new solution available to increase collection productivity, reduce delinquency and lower annual net loss on charge-off.
This alliance between ITI, a popular provider of financial technology software and services, and Akcelerant, an emerging leader in software product development, provides bankers with an advanced collections management system that increases collection productivity by anywhere from 25 percent to 40 percent, enhances charge-off collections by as much as 10 percent and can provide an aggressive return on investment in as little as 12 months.
"CollectAnywhere software provides financial institutions with a powerful arsenal of tools to manage, monitor and perform all the collection and recovery activities associated with delinquent accounts," explained ITI Senior Vice President Bob Michaud. "By integrating this proven solution with Premier's customer-centric architecture, collections officers now get a much more complete picture of the customer before taking action. The bottom-line benefit is an increase in loan servicing profitability."
Akcelerant President and CEO G.A. "Jay" Mossman III said he sees his company's relationship with ITI as a significant strategic move for both organizations. "ITI has a very extensive and diverse client base of prestigious financial institutions across the country," Mossman said. "We look forward to meeting the needs of many more of America's bankers with the highest quality collections management solution in the industry today."
Headquartered in Malvern, Pa., Akcelerant Software LLC serves the financial industry with high quality software and consulting services. Akcelerant focuses on providing leading-edge software solutions for financial institutions in areas such as debt collection, loss mitigation, bankruptcy, repossession, foreclosure, fraud, overdraft, charge-off management and much more. For more information about Akcelerant, visit http://software.akcelerant.com.
ITI's openly integrated, next-generation banking software and services are used by more U.S. banks and savings institutions than any other vendor. The company offers several core solutions, including the Premier and PCS Vision suites, as well as a broad range of supporting products and services that deliver teller and platform automation, Internet banking and e-commerce, imaging and document management, executive intelligence, risk and relationship management solutions for financial institutions and their customers. Installation, education, custom programming and consulting services support each technology solution. ITI works hand-in-hand with financial institutions running these solutions in-house on the nation's most popular hardware platforms and with regional data centers that serve the outsourced account processing needs of America's bankers. Founded in 1976, ITI works closely with some of the best-known technology companies in the world and has grown to incorporate businesses and offices nationwide, including its Premier, Precision Computer Systems (PCS), Branch Automation, eSolutions, Digital Solutions, Decision Metrics and Professional Services operating units. A subsidiary of Fiserv, Inc., ITI can be found on the Internet at www.itiwnet.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, 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 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.
This alliance between ITI, a popular provider of financial technology software and services, and Akcelerant, an emerging leader in software product development, provides bankers with an advanced collections management system that increases collection productivity by anywhere from 25 percent to 40 percent, enhances charge-off collections by as much as 10 percent and can provide an aggressive return on investment in as little as 12 months.
"CollectAnywhere software provides financial institutions with a powerful arsenal of tools to manage, monitor and perform all the collection and recovery activities associated with delinquent accounts," explained ITI Senior Vice President Bob Michaud. "By integrating this proven solution with Premier's customer-centric architecture, collections officers now get a much more complete picture of the customer before taking action. The bottom-line benefit is an increase in loan servicing profitability."
Akcelerant President and CEO G.A. "Jay" Mossman III said he sees his company's relationship with ITI as a significant strategic move for both organizations. "ITI has a very extensive and diverse client base of prestigious financial institutions across the country," Mossman said. "We look forward to meeting the needs of many more of America's bankers with the highest quality collections management solution in the industry today."
Headquartered in Malvern, Pa., Akcelerant Software LLC serves the financial industry with high quality software and consulting services. Akcelerant focuses on providing leading-edge software solutions for financial institutions in areas such as debt collection, loss mitigation, bankruptcy, repossession, foreclosure, fraud, overdraft, charge-off management and much more. For more information about Akcelerant, visit http://software.akcelerant.com.
ITI's openly integrated, next-generation banking software and services are used by more U.S. banks and savings institutions than any other vendor. The company offers several core solutions, including the Premier and PCS Vision suites, as well as a broad range of supporting products and services that deliver teller and platform automation, Internet banking and e-commerce, imaging and document management, executive intelligence, risk and relationship management solutions for financial institutions and their customers. Installation, education, custom programming and consulting services support each technology solution. ITI works hand-in-hand with financial institutions running these solutions in-house on the nation's most popular hardware platforms and with regional data centers that serve the outsourced account processing needs of America's bankers. Founded in 1976, ITI works closely with some of the best-known technology companies in the world and has grown to incorporate businesses and offices nationwide, including its Premier, Precision Computer Systems (PCS), Branch Automation, eSolutions, Digital Solutions, Decision Metrics and Professional Services operating units. A subsidiary of Fiserv, Inc., ITI can be found on the Internet at www.itiwnet.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, 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 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.