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Michigan Bank chooses Weiland Account Analysis from Fiserv to
streamline commercial account analysis and billing
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Bank cites solution's flexibility, enhanced commercial statements and
integrated reporting tools as key differentiators
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Fiserv reports significant growth in the number of financial
institutions selecting the Weiland Account Analysis commercial billing
solution
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that Mercantile Bank of Michigan
has expanded its relationship with Fiserv through the selection of
Weiland Account Analysis™. The $1.4 billion Grand Rapids, Mich., bank
selected the solution to increase profitability and streamline
evaluation and billing of commercial demand deposit accounts.
Developed for financial institutions seeking a customizable, Web-based
commercial billing tool, Weiland Account Analysis enables Mercantile
Bank of Michigan to capture every billing point, deliver comprehensive,
graphical statements to customers and automate input from various
systems. Since its November 2013 implementation, Mercantile Bank of
Michigan is using the solution's customizable online reports to help
capture lost revenue, analyze relationship profitability and identify
new business opportunities.
"Weiland Account Analysis makes it easier for our commercial customers
to do business with us," said John Byl, SVP and Treasury Sales manager,
Mercantile Bank of Michigan. "We now have the flexibility to gather and
customize information into a single, seamless billing module that ties
everything together with a statement that demonstrates to our customers
the value our organization provides. From the bank's perspective, the
solution helps us to easily look at relationship overviews to make key
determinations."
Mercantile Bank of Michigan expects to save time on month-end processes
and report generation with Weiland Account Analysis, and avoid manual
data entry with the billing automation function. In addition, the
solution's reporting and modeling capabilities automatically quantify
products, activity and growth, helping the bank to make key adjustments
to billing and approvals.
In addition to Mercantile Bank of Michigan, several other financial
institutions have recently made the decision to implement Weiland
Account Analysis, including Capital Pacific Bank (Portland, Ore.),
Customers Bank (Phoenixville, Pa.), First American Bank (Clive, Iowa),
Highland Bank (Maple Grove, Minn.), Legend Bank (Fort Worth, Texas) and
PeoplesBank (Holyoke, Mass.).
"Weiland Account Analysis delivers exciting capabilities to financial
institutions looking for an innovative, flexible way to capture
commercial demand deposit account activity in a single view," said Teri
Carstensen, division president, Bank Solutions, Fiserv. "Like the
additional financial institutions that have recently selected Weiland
Account Analysis, Mercantile Bank of Michigan knows small business
banking and commercial clients are essential to future growth and
stability."
The bank, which operates on the Premier® bank platform from
Fiserv, benefits from integration with additional Fiserv products and
services, including Business Analytics, Business Process Manager for new
account and process management, Director™ for electronic content
management, Transaction Content Manager for electronic check processing,
and website hosting and management services.
A
pending merger with Firstbank will double Mercantile Bank of
Michigan's assets and add more than 40 branches in the state's Lower
Peninsula. Weiland Account Analysis was implemented to help facilitate
the newly merged organization's continued focus on small business and
commercial banking.
About Mercantile Bank Corporation
Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank
holding company for Mercantile Bank of Michigan. Founded in 1997 to
provide banking services to businesses, individuals and governmental
units, the Bank differentiates itself on the basis of service quality
and the expertise of its banking staff. Mercantile has seven
full-service banking offices in Grand Rapids, Holland and Lansing,
Michigan. Mercantile Bank Corporation's common stock is listed on the
NASDAQ Global Select Market under the symbol "MBWM." Additional
information about Mercantile Bank of Michigan is available on the
internet at www.mercbank.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry, driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Smith
Public Relations Manager
Fiserv,
Inc.
412-577-3341
julie.smith@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Public Relations
Fiserv,
Inc.
678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
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