Fiserv's RemitStream Solutions Unit Doubles Client Base in 2005
Fiserv's RemitStream Solutions Unit Doubles Client Base in 2005
January 18, 2006
Fiserv's RemitStream Solutions Unit Doubles Client Base in 2005
"We're proud of our success in 2005 and our position entering 2006," said Anna Quinlan, RemitStream Solutions president. "At the beginning of 2004, we set out to grow aggressively without sacrificing quality. In 2005, we introduced a variety of new products and doubled our client base while continuing to average more than 99.9 percent accuracy on all our quality measures. We're pleased to have reached our objectives and set the stage for continued growth in 2006."
New product offerings introduced in 2005 included:
-- Credit Card Payment Processing to accommodate business needs for multiple payment methods
-- More flexible, Web-based lockbox reporting, including customized data and invoice search, export and print options
-- Improved and expanded online viewing of check and remittance document images
-- An automated clearinghouse (ACH) Lockbox Service to enable recurring ACH debits of customer accounts
RemitStream Solutions, on the Web at www.remitstream.com, provides financial institutions with multi-site, quick-to-market lockbox processing solutions with no capital expenditures. Headquartered in Chicago, Ill., RemitStream Solutions' wholesale, retail, wholetail, and image lockbox services employ the latest image processing technology. Businesses receiving payments through the mail receive same-day access to check and remittance document images via the Internet, image transmission or CD-ROM. RemitStream Solutions, a unit of Fiserv, Inc., is a private-label processor dedicated solely to lockbox processing.
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 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.
Fiserv's RemitStream Solutions Unit Doubles Client Base in 2005
CHICAGO--Jan. 18, 2006--Fiserv, Inc. (Nasdaq:FISV) said its RemitStream Solutions lockbox processing unit doubled its client base to 50 in 2005 due to continued emphasis on client relationships and new product offerings."We're proud of our success in 2005 and our position entering 2006," said Anna Quinlan, RemitStream Solutions president. "At the beginning of 2004, we set out to grow aggressively without sacrificing quality. In 2005, we introduced a variety of new products and doubled our client base while continuing to average more than 99.9 percent accuracy on all our quality measures. We're pleased to have reached our objectives and set the stage for continued growth in 2006."
New product offerings introduced in 2005 included:
-- Credit Card Payment Processing to accommodate business needs for multiple payment methods
-- More flexible, Web-based lockbox reporting, including customized data and invoice search, export and print options
-- Improved and expanded online viewing of check and remittance document images
-- An automated clearinghouse (ACH) Lockbox Service to enable recurring ACH debits of customer accounts
RemitStream Solutions, on the Web at www.remitstream.com, provides financial institutions with multi-site, quick-to-market lockbox processing solutions with no capital expenditures. Headquartered in Chicago, Ill., RemitStream Solutions' wholesale, retail, wholetail, and image lockbox services employ the latest image processing technology. Businesses receiving payments through the mail receive same-day access to check and remittance document images via the Internet, image transmission or CD-ROM. RemitStream Solutions, a unit of Fiserv, Inc., is a private-label processor dedicated solely to lockbox processing.
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 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.