OnCU is a fully automated, real-time account processing platform
The credit unions also selected Fiserv solutions to enable online banking, bill payment, credit and debit processing and fraud detection
BROOKFIELD, Wis.--(BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that six credit unions have selected the OnCU® account processing platform, and multiple integrated Fiserv solutions for online banking, bill payment, credit and debit processing and mobile access. OnCU is a fully automated solution for credit unions that want to outsource their technology operations. The solution delivers real-time, premium functionality that allows a credit union to maintain a competitive advantage while helping to enhance member service.
"Credit unions across the United States have seen significant growth in recent years, and technology has enabled them to deepen relationships and deliver innovative financial services products their members appreciate," said Albert Ku, senior vice president, Credit Union Solutions, Fiserv. "Fiserv will partner with each of these credit unions to help streamline their operations, improve efficiencies and roll out new payment and channel solutions to their members."
The most recent credit unions to choose OnCU include:
Reno City Employees Federal Credit Union, a $30 million institution headquartered in Reno, Nev., selected OnCU due to its prior positive experience with Fiserv and expected efficiencies and cost savings. The credit union also chose Fiserv for statement production services and will implement CheckFree® RXP® for bill payment and Virtual Branch® for online banking.
L'Oréal USA Federal Credit Union of Clark, N.J. will implement OnCU along with EnFact® Network Services for fraud detection, the ACCEL/Exchange® payments network and Debit Processing. The $25 million credit union selected Fiserv based on a history of positive experiences with the company and its solutions.
NCP Community Development Federal Credit Union cited the numerous accolades it received from Fiserv clients as an important factor in its decision to choose OnCU. Based in Chesapeake, Va., with $2 million in assets, the credit union will also use Credit and Debit Processing and EnFact Network Services from Fiserv.
Virginia Beach Postal Federal Credit Union, a $7 million credit union based in Virginia Beach, Va., selected OnCU, Virtual Branch, the ACCEL/Exchange payments network and EnFact Network Services along with Debit Processing from Fiserv. Key in its decision was the integration of account processing and debit processing solutions.
Polk County Credit Union, headquartered in Des Moines, Iowa with $3.9 million in assets, will deploy OnCU, Virtual Branch and Debit Processing from Fiserv. The credit union's prior experience with Fiserv and the company's diverse portfolio of integrated solutions were key to its decision to expand the relationship.
Sioux Valley Co-Op Federal Credit Union, based in Watertown, S.D., selected OnCU, as well as Virtual Branch, due to strong references from existing clients. The $12 million credit union valued the opportunity to add a variety of solutions working with a single source technology partner, and the potential to increase operational efficiency while adding new services.
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.
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Source: Fiserv, Inc.
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