Solution helps credit unions reduce costs and increase member
satisfaction
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that it has signed more than 30
new credit union clients for its Source Capture Solutions®
within the last ten months to provide them anywhere, anytime check image
capture.
"We attribute this trend to the widespread adoption of imaging, coupled
with the ongoing changes in the corporate credit union environment,"
said Gary Brand, director, Source Capture Solutions, Fiserv. "Fiserv is
seen as a safer and more stable alternative because of its leadership in
item processing and payments. We have 180,000 seats of Source Capture
deployed across Fiserv. Plus, our common technology platform for all
capture solutions — branch, merchant, teller, consumer, ATM and mobile —
sets us apart from other remote deposit capture vendors."
A recent new client, Austin, Texas-based Velocity
Credit Union, has implemented Branch
Source Capture from Fiserv to help reduce costs and increase member
satisfaction.
Velocity Credit Union with assets of $568 million, is using Branch
Source CaptureTM from Fiserv to truncate deposits at the
branch, electronically correct and balance deposits, reconcile to the
teller system and present data and images to item processing systems to
clear, settle and post to core seamlessly.
"Branch Source Capture from Fiserv allows us to offer a later cut-off
time for same-day posting of deposits, which our members will
appreciate," said Debbie Mitchell, Chief Executive Officer, Velocity
Credit Union. "It also promises to reduce our check transportation costs
and lower our per-item processing costs."
Source Capture Solutions is a unique set of products from Fiserv
designed to enhance the reliability, versatility and scalability of
image capture and check processing with a common web based
platform. This solution set includes branch, merchant, teller, ATM and
the increasingly popular consumer and mobile capture all on a common web
platform that enable remote deposit capture.
Additional Resources:
About Velocity Credit Union
Chartered in 1947, Velocity Credit Union is a local banking alternative
open to residents of the Greater Austin area. The credit union has
assets of $541 million and serves more than 70,000 members.
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.
678-375-3744
julie.nixon@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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