IntegraSys Unit of Fiserv Signs More Than 50 Core Renewal Agreements; Q2 '05 Core Renewals Illustrate Customer Confidence and Acceptance of IntegraSys' Service-Oriented Technology Direction
IntegraSys Unit of Fiserv Signs More Than 50 Core Renewal Agreements; Q2 '05 Core Renewals Illustrate Customer Confidence and Acceptance of IntegraSys' Service-Oriented Technology Direction
September 13, 2005
IntegraSys Unit of Fiserv Signs More Than 50 Core Renewal Agreements; Q2 '05 Core Renewals Illustrate Customer Confidence and Acceptance of IntegraSys' Service-Oriented Technology DirectionFRISCO, Texas--Sept. 13, 2005--IntegraSys, a business unit of Fiserv, Inc. (Nasdaq:FISV) and provider of information technology services to credit unions, announced today that it renewed agreements with 54 credit unions to continue delivering the company's advanced core processing solutions. Those solutions feature innovative service-oriented architecture that enables seamless integration of third-party applications, rapid deployment of new products and services, and user-friendly application interfaces for maximum usability and faster staff training. IntegraSys signed renewal agreements for all four of the core products from its comprehensive portfolio of core processing systems, including Premier, CUBE, CubicsPlus and Charlotte, solutions designed to meet the needs of credit unions of all sizes.
"IntegraSys remains dedicated to meeting the unique technology needs of credit unions, and we don't believe in a one-size-fits-all approach," said Scott Butler, president of IntegraSys. "That's why we give our clients the power to choose from a suite of advanced core platforms that offer practical solutions to meet their data processing needs, be it for in-house or service bureau, large or small transaction volumes or unique requirements for add-on services.
"While our core solutions each provide distinct advantages for different types of credit unions, they all leverage a service-oriented architecture, our unified technology direction that's focused on enhancing member service through a practical blend of powerful, established processing capabilities and new innovative technologies like XML and .NET®," Butler added.
Among the renewal agreements are several contracts for IntegraSys' Premier core processing solution, a highly sophisticated online service bureau core system that delivers comprehensive processing to hundreds of credit unions of all sizes. The latest version of Premier includes a fully redesigned teller automation platform that leverages Microsoft .NET to create one of the easiest-to-use core applications available to credit unions today. Premier supports all of a credit union's service needs--from ATM support to workflow processing to online interfaces and report queries--as well as fully integrated share, loan, general ledger, accounting and payroll processing systems.
"Premier's new, user-friendly front end has made such a difference for us. Our staff can be trained quickly and our member service representatives can move easily through the screens to perform transactions and deliver a higher level of service to our members," said Gary Hinrichs, president of St. Louis, Mo.-based West Community Credit Union, one of the renewing Premier clients in Q2. "The new capabilities for Premier are also exciting. Premier's Cross Sell and Tracking module and Contact Manager solution will both help us improve our cross-selling efforts to better serve the needs or our members while boosting profitability. IntegraSys has demonstrated a new level of responsiveness and that resonates from the senior leadership to the application developers to the day-to-day call center staff."
IntegraSys also signed renewal agreements for the latest version of its CUBE core processing platform, which offers both in-house and service bureau delivery options and uses a service-oriented design with a .NET framework to add flexible features and functions to all of the system's components for enhanced navigation capabilities and an accessible open architecture. The recent general release of IntegraSys' CUBE 1800 included two new front-end platforms designed to help credit unions boost operational efficiencies. The new Windows-based Teller Automation and Collections platforms feature an intuitive, user-friendly interface to promote teller efficiency and simplified navigation through the platforms. The CUBE 1800 release also included the first wave of enhanced support for business checking services and general ledger (GL) enhancements like automatic GL accrual postings and new GL close features.
"Renewing our CUBE contract was an easy decision," says Valerie Brown, chief executive officer for Service One Credit Union, based in Bowling Green, Ky., that recently renewed its CUBE agreement. "IntegraSys has clearly accelerated the pace of development for their technologies and the new capabilities of the CUBE solution will enable us to meet the changing needs of our members both now and in the future."
IntegraSys also renewed core agreements with several small to mid-sized credit union clients, most of whom will implement the company's CubicsPlus solution, an XML-based system developed to replace the CUBICS core platform. As part of IntegraSys' service-oriented architecture strategy, the affordable CubicsPlus data processing platform delivers the same, advanced integration capabilities, real-time processing functionality and flexible user interfaces found in solutions targeted at larger institutions. IntegraSys announced its 100th implementation of the CubicsPlus solution last month and plans to have 150 credit unions using the system by the end of 2005.
About IntegraSys
Combining a spirit of innovation with 30 years of industry experience, IntegraSys delivers a comprehensive range of well-integrated systems and services that accelerate credit unions' growth and drive business efficiencies. Whether clients require sophisticated service bureau or in-house technologies, IntegraSys delivers technology to help credit unions compete and win in their markets. The IntegraSys suite of products and services includes core processing, loan origination, asset and liability management, ATM and debit card services, Internet banking, lending and bill payment and presentment services. For more information, visit www.integrasys.fiserv.com.
About Fiserv, Inc.
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-funded 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.
"IntegraSys remains dedicated to meeting the unique technology needs of credit unions, and we don't believe in a one-size-fits-all approach," said Scott Butler, president of IntegraSys. "That's why we give our clients the power to choose from a suite of advanced core platforms that offer practical solutions to meet their data processing needs, be it for in-house or service bureau, large or small transaction volumes or unique requirements for add-on services.
"While our core solutions each provide distinct advantages for different types of credit unions, they all leverage a service-oriented architecture, our unified technology direction that's focused on enhancing member service through a practical blend of powerful, established processing capabilities and new innovative technologies like XML and .NET®," Butler added.
Among the renewal agreements are several contracts for IntegraSys' Premier core processing solution, a highly sophisticated online service bureau core system that delivers comprehensive processing to hundreds of credit unions of all sizes. The latest version of Premier includes a fully redesigned teller automation platform that leverages Microsoft .NET to create one of the easiest-to-use core applications available to credit unions today. Premier supports all of a credit union's service needs--from ATM support to workflow processing to online interfaces and report queries--as well as fully integrated share, loan, general ledger, accounting and payroll processing systems.
"Premier's new, user-friendly front end has made such a difference for us. Our staff can be trained quickly and our member service representatives can move easily through the screens to perform transactions and deliver a higher level of service to our members," said Gary Hinrichs, president of St. Louis, Mo.-based West Community Credit Union, one of the renewing Premier clients in Q2. "The new capabilities for Premier are also exciting. Premier's Cross Sell and Tracking module and Contact Manager solution will both help us improve our cross-selling efforts to better serve the needs or our members while boosting profitability. IntegraSys has demonstrated a new level of responsiveness and that resonates from the senior leadership to the application developers to the day-to-day call center staff."
IntegraSys also signed renewal agreements for the latest version of its CUBE core processing platform, which offers both in-house and service bureau delivery options and uses a service-oriented design with a .NET framework to add flexible features and functions to all of the system's components for enhanced navigation capabilities and an accessible open architecture. The recent general release of IntegraSys' CUBE 1800 included two new front-end platforms designed to help credit unions boost operational efficiencies. The new Windows-based Teller Automation and Collections platforms feature an intuitive, user-friendly interface to promote teller efficiency and simplified navigation through the platforms. The CUBE 1800 release also included the first wave of enhanced support for business checking services and general ledger (GL) enhancements like automatic GL accrual postings and new GL close features.
"Renewing our CUBE contract was an easy decision," says Valerie Brown, chief executive officer for Service One Credit Union, based in Bowling Green, Ky., that recently renewed its CUBE agreement. "IntegraSys has clearly accelerated the pace of development for their technologies and the new capabilities of the CUBE solution will enable us to meet the changing needs of our members both now and in the future."
IntegraSys also renewed core agreements with several small to mid-sized credit union clients, most of whom will implement the company's CubicsPlus solution, an XML-based system developed to replace the CUBICS core platform. As part of IntegraSys' service-oriented architecture strategy, the affordable CubicsPlus data processing platform delivers the same, advanced integration capabilities, real-time processing functionality and flexible user interfaces found in solutions targeted at larger institutions. IntegraSys announced its 100th implementation of the CubicsPlus solution last month and plans to have 150 credit unions using the system by the end of 2005.
About IntegraSys
Combining a spirit of innovation with 30 years of industry experience, IntegraSys delivers a comprehensive range of well-integrated systems and services that accelerate credit unions' growth and drive business efficiencies. Whether clients require sophisticated service bureau or in-house technologies, IntegraSys delivers technology to help credit unions compete and win in their markets. The IntegraSys suite of products and services includes core processing, loan origination, asset and liability management, ATM and debit card services, Internet banking, lending and bill payment and presentment services. For more information, visit www.integrasys.fiserv.com.
About Fiserv, Inc.
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-funded 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.