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Fiserv, Inc. (NASDAQ: FISV) announced today that its business unit, BANKLINK was named Best-in-Class Cash Management Solution Offered by a Core Banking Provider and Best in Class for Largest Increase in Number of New Client Deployments for 2005-2006 in the Aite Group’s April 2007 report, “Evaluating the Leading Providers of Cash Management Technologies: New Strategies and a Changing Competitive Landscape.” The Aite Group report analyzes strategies and agendas set forth by cash management technology providers to meet the demands of the marketplace as well as differentiating features and functionalities offered by vendors.
“BANKLINK's responsiveness to client and marketplace demands — no matter the size of the Financial Institution nor the scope of the initiative— is just one reason Aite Group awarded BANKLINK the Best in Class designation. Their consultative approach combined with their attentiveness and responsiveness to client needs offer a strong differentiator in the marketplace.” said Christine Barry, Research Director, Aite Group and author of the report. “BANKLINK is addressing Financial Institution demands for full, seamlessly integrated product suites, a proven track record, and an innovative, client centric and clearly communicated product pipeline.”
In the report, Aite Group cited Fiserv BANKLINK’s continual platform enhancements to deliver the functionalities demanded by the marketplace as well as BANKLINK’s integration with the Fiserv core processing systems as reason for its success. According to the report, tight integration with core banking products is often a deciding factor in the vendor selection process for the small/community bank segment. Additionally, the report said that BANKLINK offers a unique value proposition that provides the “best of both worlds” in their unique ability to satisfy the needs of all sizes of Financial Institutions.
“The depth of integration available between Fiserv’s core banking solutions and the iLINK online platform commercial banking platform exemplifies what Fiserv 2.0 is all about,” says Tom Neill, president, Depository Institutions Processing, Fiserv.. “Delivering solution sets to help financial institutions attract and retain customers by leveraging the value, opportunity and growth available only through Fiserv partnerships to ultimately help our clients win.”
About BANKLINK
BANKLINK is a best in class, market-leading provider of innovative treasury management products and services for financial institutions. BANKLINK offers the iLINK platform of treasury management products including: balance reporting, transaction initiation services (ACH origination, wire initiations, cash concentration), remote deposit, positive pay, small business bill payment & presentment, data exchange and many related services. BANKLINK, a business unit of Fiserv Inc., is celebrating its thirtieth year in business and is located in New York City.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 18,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Headquartered in Brookfield, Wis., Fiserv reported more than $4.5 billion in total revenue for 2006. For more information, please visit www.fiserv.com.
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