-
Florida's fifth largest credit union chooses DNA to expand its
membership
-
New client cites the scalable, member-centric nature of DNA and deep
integration with Fiserv solutions as key decision factors
-
MIDFLORIDA Credit Union to complement DNA with integrated suite
including payment processing, CRM, business intelligence, teller line
authentication and loan origination
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that MIDFLORIDA Credit Union,
based in Lakeland, Fla. with assets over $1.9 billion, has selected the DNA™
account processing platform from Open Solutions, now part of Fiserv, to
gain greater visibility into its 195,000 member relationships. Leaders
of MIDFLORIDA Credit Union based their decision on the platform's
member-centric design, scalability and easy integration with their new
and existing Fiserv solutions.
"With our expansion over the past several years, both organic and via
merger, we require an account processing platform that can scale with
our growth ambitions while deepening our ability to provide exceptional
personal service. We've found the solution with DNA," said Steve
Moseley, executive vice president, MIDFLORIDA. "DNA will give us a 360
degree view of our member relationships while its open architecture will
allow us to streamline the delivery of cutting-edge Fiserv solutions."
Recognized
by industry leading analysts for its best-in-class technology, user
experience and breadth of functionality, DNA from Fiserv is the first
open, relationship-centered core banking platform built for global
collaboration. DNA is a 24/7 continuous, real-time platform that employs
a relational data model designed around the person, not the transaction,
so MIDFLORIDA staff can securely analyze their retail and small business
member relationships by person, product or account. DNA provides a
scalable infrastructure that will enable MIDFLORIDA to grow rapidly
without sacrificing efficiency or service excellence.
"DNA will help MIDFLORIDA roll out new products quickly and easily with
the personalized service its members expect," said Steve Cameron,
president, Open Solutions Division, Fiserv. "MIDFLORIDA can realize
efficiency and automation gains from the platform and solutions from
Fiserv, as well as custom built applications developed by other banks
and credit unions collaborating on the DNA platform. It's this flexible
foundation and comprehensive solution set that keeps attracting
forward-thinking banks and credit unions to DNA."
MIDFLORIDA will optimize its investment with Best Practices services and
several new solutions from Fiserv, including Velocity™ for loan
origination, Verifast™ for teller line authentication and CRM and
business intelligence applications for DNA. The credit union will also
have access to the DNAcreator™ development toolkit, which allows the
credit union's technical staff to create and sell custom core extensions
called DNAapps™ to other financial institutions via the DNAappstore™ --
the first online marketplace for core applications.
"As the leader in account processing for credit unions in the U.S.,
Fiserv has always been focused on providing technology solutions
designed to help credit unions achieve best-in-class results. With the
addition of the DNA platform to our existing solution set, we continue
to enjoy the technology partner relationship with credit union
innovators like MIDFLORIDA," said Mark Sievewright, division president,
Credit Union Solutions, Fiserv.
MIDFLORIDA Credit Union will leverage the .NET architecture of DNA to
integrate its existing Fiserv solutions, including Card Services Debit
and Credit Processing, Nautilus® for enterprise content
management, Prologue™ for financial accounting, WireXchange®
for wire transfer processing, ConvergeIT® for interactive
voice response, Source Capture Solutions® for remote deposit
capture and Virtual Branch®: Loan for online lending as well
as card production services.
Additional Resources:
About MIDFLORIDA Credit Union
MIDFLORIDA is headquartered in Lakeland, Fla., and serves over 190,000
members with assets over $1.9 billion through a network of more than 35
branches, 50 ATMs and through its website, midflorida.com. MIDFLORIDA
Credit Union is open for membership to anyone who lives, works, worships
or attends school within their service area of 14 Central Florida
counties. For more information, visit midflorida.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.
News Provided by Acquire Media