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Credit union chooses complete solution based on XP2 account processing
platform
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Solution includes mobile banking, person-to-person payments, online
banking, bill pay, and product and service messaging
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Enterprise-wide integration and a strong commitment to continued
product development were cited as key factors in the decision
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that Abri Credit Union, based in
Romeoville, Ill., has extended and expanded its relationship with
Fiserv. Following a competitive selection process, Abri Credit Union
selected XP2® from Fiserv for account processing along with
value-added capabilities for mobile banking, person-to-person payments,
online banking, bill pay, and product and service messaging. The $300
million credit union has more than 25,000 members and currently uses
Fiserv solutions for electronic content management and financial
management.
"In comparison to other solutions we reviewed in the market, we were
most impressed with the Fiserv investment in product development,
service levels and timely product releases. We anticipate our expanded
20-year partnership will help Abri Credit Union outpace the
competition," said Brian Cedergren, president and Chief Executive
Officer, Abri Credit Union. "Building one-on-one relationships with our
members - and helping them succeed financially - is what drives our
success. Our selection of Fiserv products and services, including those
for the digital channel, will help us continue to deliver the best
experience possible for our members."
The selection of XP2, an advanced technology platform with established
integration across a broad range of Fiserv solutions, will help Abri
Credit Union cultivate member relationships, improve efficiencies and
maximize cross-selling opportunities. The credit union will leverage the
enhanced XP2 lending functionality, as well as the solution's
customizable workflows, to gain efficiencies in its mortgage and small
business lending processes. Cross-channel integration will enable
members to get up-to-the-minute account information and help staff
answer member questions with just a few key strokes.
Abri Credit Union's selection of several self-service, customer-facing
digital solutions will provide its members with 24/7 access to
innovative financial services, including enhanced bill payment, online
banking, payments and mobile banking. The credit union will implement
Popmoney® from Fiserv to enable its members to send and
receive person-to-person, or social, payments, while Mobiliti™ will
introduce comprehensive mobile banking functions, including payment and
deposit capabilities, to its members. Additionally, Abri Credit Union
will implement Corillian Online® for online banking and
CheckFree® RXP® for online bill pay.
"Abri Credit Union stands to benefit from advanced enterprise-wide
technology and established integration offered by a broad range of
innovative Fiserv products and services," said Mark Sievewright,
president, Credit Union Solutions, Fiserv. "Fiserv provides Abri Credit
Union and many other organizations like it with the comprehensive
technology solutions required by today's competitive market conditions.
With the expansion of our long-standing relationship, Fiserv looks
forward to helping Abri Credit Union continue to meet its strategic
objectives."
XP2 account processing platform from Fiserv features a Microsoft .NET
architecture that is open at every tier and a member-centric design
backed by an IBM® DB2 relational database. With scalable
technology and established interfaces to a broad range of enterprise
solutions, XP2 supports credit unions' growth and drives operational
efficiency. XP2 is available via service bureau, in-house delivery or
facilities management.
In addition to XP2 and solutions for the digital channel, Abri Credit
Union will implement several value-add products and solutions, including
Next Multi-Channel Marketing for targeted product and service marketing,
Accel™ payments network, Enfact® Network Services for fraud
detection, Converge® IT IVR for audio response, and solutions
for debit and credit processing. The credit union will continue to
utilize Wisdom™ for financial management and Nautilus® for
electronic content management.
Fiserv is the U.S. market leader in account processing services for
financial institutions, with more than one-third of U.S. financial
institutions relying on Fiserv for account processing solutions and
expertise. Popmoney person-to-person payments are currently offered at
more than 1,900 banks and credit unions, and Javelin Strategy & Research
named Fiserv "Best in Class" for mobile banking for the second
consecutive year.
About Abri Credit Union
Abri Credit Union, headquartered in Romeoville, Ill., is one of the
largest credit unions in Illinois, with more than $300 million in
assets, serving more than 25,000 members from 10 branches. The credit
union was founded in 1949, and is open to people that live or work in
six different counties in Illinois, as well as employees of more than
100 employer groups. For more information, go to www.abricu.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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