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Fiserv adds program management and support for open-loop and general
purpose reloadable prepaid cards
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Solution provides integrated reload capabilities at branches and in
real-time at ACCEL/Exchange ATMs and POS terminals
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ACCEL/Exchange Scorecard integration enables FIs to track performance
and optimize results of card and prepaid programs.
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that it has integrated its
ACCEL/Exchange® payments network with Prepaid Solutions from
Fiserv, enabling financial institutions across the country to more
effectively deliver prepaid products to their customers, and target new
segments.
Prepaid cards are growing in popularity, especially general purpose
reloadable cards. As prepaid cards are particularly popular with younger
consumers, as well as the unbanked and underbanked, financial
institutions need quick-to-market solutions that offer differentiated
payment alternatives to serve these segments. Fiserv has integrated two
of its market-leading platforms — ACCEL/Exchange and Prepaid Solutions —
to meet this need.
As a result of this integration, Fiserv clients will be able to quickly
develop and implement a prepaid card program. Program cardholders will
benefit from expanded reload capabilities, including in-branch at the
financial institution that issued the card, in real-time at
participating ACCEL/Exchange ATMs and via Remote Deposit Capture (RDC).
Financial institutions may select from a variety of program features to
craft solutions tailored to their business needs. Prepaid issuers will
benefit from the ACCEL/Exchange Scorecard, a tool already used by
thousands of financial institutions to efficiently track and optimize
the performance of their program against benchmarked expectations.
"The seamless integration of Prepaid Solutions and ACCEL/Exchange makes
it easier than ever for financial institutions to quickly provide
prepaid programs to address market needs," said David Keenan, general
manager, ACCEL/Exchange, Fiserv.
"The remarkable growth in prepaid card demand necessitates more
powerful, flexible solutions," said Phil Valvardi, general manager,
Prepaid Solutions, Fiserv. "By leveraging two strong assets, Fiserv
continues its tradition of delivering innovative and secure solutions
for cardholders while improving the performance of payment programs for
financial institutions of all sizes."
For more information on the ACCEL/Exchange payments network, please
visit http://www.accelexchange.com/
For more information on Prepaid Solutions from Fiserv, please visit http://www.cardsolutions.fiserv.com/
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry. Fiserv is driving innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For six of the past
eight years, Fiserv ranked No. 1 on the FinTech 100, an annual
international listing of the top technology providers to the financial
services industry. For more information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Nixon
Senior PR Manager
Fiserv,
Inc.
+1 678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Public Relations
Fiserv,
Inc.
+1 678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
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