Hosted Software as a Service (SaaS) model will enhance efficiency
while enabling the credit union to deliver superior member services in
step with the speed of life
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that Dakota Plains Credit Union,
based in Edgeley, North Dakota, has selected an integrated technology
suite from Fiserv. The suite includes XP2® for core account
processing as well as solutions for online and mobile banking,
electronic payments, statements, and card processing. Dakota Plains will
move from their existing providers to the new solutions in order to
provide a more robust and seamless experience that meets the needs of
members.
The commercial lending capabilities of XP2, overall functionality,
member service support and leadership from Fiserv were cited by the
credit union's leaders as key benefits of the selection.
"Our members live and work in thriving farm communities, and our credit
union has strong demand for commercial and agricultural loans. We needed
a new integrated core technology suite to service these loans with high
efficiency," said Michael Reisnour, president and CEO of Dakota Plains.
"The integrated suite greatly expands our service capabilities, and
outsourcing these products enables us to focus more of our attention on
new products and services to satisfy our members."
Dakota Plains was founded in 1941, and currently has more than $68
million in assets and more than 4,000 members. Over the past seven
decades, the credit union has grown and expanded to serve anyone living
within a 75 mile radius of the home office in Edgeley. The partnership
with Fiserv empowers Dakota Plains to outsource the management of
mission-critical technology to Fiserv to enhance efficiency and reduce
cost. This will enable Dakota Plains to focus internal resources on
driving loan growth through XP2-enhanced functionality for commercial
lending.
"Growing credit unions drive the development of communities, and Fiserv
is committed to providing the innovative technology that enables their
success," said Santo Cannone, chief product officer, Credit Union
Solutions, Fiserv. "The integrated XP2 suite will help increase Dakota
Plains' efficiency and allow them to deliver a portfolio of products and
services that reflect the way people live and work today."
The technology suite selected by Dakota Plains includes XP2 for
core account processing, Virtual Branch® for online banking,
Mobiliti™ for mobile banking, CheckFree® RXP® for
electronic payments, Statement Advantage™ for statements and
e-statements, Wisdom™ for comprehensive accounting and call report
functionality, Nautilus® for enterprise content management,
as well as solutions for enhanced commercial lending and card processing.
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. XP2 enables the success of
credit unions through an easy-to-use interface that can streamline
processes, drive member satisfaction and grow loan portfolios.
In a world that is moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and work
today - financial services at the speed of life. Learn more at TheSpeedofLife.com.
Additional Resources:
About Fiserv
Fiserv, Inc. (NASDAQ:FISV) enables clients to achieve best-in-class
results by driving quality and innovation in payments, processing
services, risk and compliance, customer and channel management, and
business insights and optimization. For more than 30 years, Fiserv has
been a global leader in financial services technology. Fiserv is a
FORTUNE 500 company and this year was honored to be named a FORTUNE
magazine's World's Most Admired Company for the third consecutive year.
In 2015 the company was recognized among Forbes magazine's America's
Best Employers. For more information, visit Fiserv.com.
FISV-G
View source version on businesswire.com: http://www.businesswire.com/news/home/20160725005701/en/
Media Relations:
Ann Cave
Director, Public Relations
Fiserv,
Inc.
678-375-4039
ann.cave@fiserv.com
or
Additional
Contact:
Elizabeth McMillan
Director, Corporate
Communications
Fiserv, Inc.
678-375-1119
elizabeth.mcmillan@fiserv.com
Source: Fiserv, Inc.
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