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Georgia bank selects the Precision bank platform from Fiserv for
account processing and a host of additional Fiserv solutions
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Mobile banking, bill payment and check capture among the
comprehensive, integrated Fiserv solutions selected
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Integration, innovation and scalability were determining factors in
the selection of Fiserv
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that Pinnacle Bank, headquartered
in Elberton, Ga., has selected the Precision® bank platform
with outsourced processing from Fiserv to optimize processes and drive
efficiencies for the institution. Leaders of the $578 million asset bank
also based their decision on the platform's innovation, scalability and
easy integration with the wide array of additional Fiserv solutions
selected by the bank.
"Pinnacle Bank's clients appreciate the personal customer service they
receive from a community bank like ours. However, that does not diminish
their desire to have the latest digital financial services tools
available to them," said Donna Webb, executive vice president and group
operations manager, Pinnacle Bank. "Fiserv solutions will enable us to
capitalize on innovative technology to match product delivery channels
with customer preferences."
With branch traffic declining industry-wide, Pinnacle Bank selected
self-service digital solutions, such as enhanced mobile banking, remote
image capture and bill payment solutions as part of its strategy for
continued growth. For example, Mobile Source Capture™ from Fiserv will
enable consumers and small businesses to safely and securely deposit
checks from any location using a smartphone camera, while AccountCreateSM
will deliver online account opening capabilities.
Pinnacle Bank expects it will improve back-office operations and
organizational efficiency with the implementation of integrated Fiserv
solutions, including Teller Source Capture™, which enables real-time
balancing of deposits at the teller line. Single sign-on capabilities,
standardized reporting and integrated systems will simplify day-to-day
operations at the bank. To realize additional efficiencies and savings,
Pinnacle Bank is moving from in-house to outsourced processing of its
core system.
"Pinnacle Bank has grown significantly in the last five years, and
Precision provides a solid, scalable foundation for continued growth and
innovation," said Teri Carstensen, division president, Bank Solutions,
Fiserv. "Pinnacle Bank joins the more than one-third of all U.S.
financial institutions that look to Fiserv to remain competitive, while
navigating increasingly complex regulatory demands and changing consumer
preferences."
Pinnacle Bank selected additional innovative Fiserv solutions, including
Accel™ payments network and Card Services Debit Processing, Mobiliti™
for mobile banking, Branch Source Capture™ and Merchant Source Capture™
for check capture, CheckFree® RXP® and CheckFree®
Small Business for bill payment and presentment, and WireXchange®
for wire transfers.
Fiserv is the U.S. market leader in account processing services, and
more than one-third of U.S. financial institutions rely on Fiserv for
account processing solutions and expertise. Fiserv processes 3 out of
every 4 online bill payments, and Javelin Strategy & Research named
Fiserv "Best in Class" for mobile banking for the second consecutive
year.
About Pinnacle Bank
Headquartered in Elberton, Ga., Pinnacle Bank has been a locally owned,
community bank since 1934. The bank operates 13 full-service branch
locations across northeast Georgia. Visit Pinnacle Bank online at www.pinnaclebank.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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