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Maine bank chooses the Premier bank platform from Fiserv
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Katahdin Trust Company based their selection on enterprise-wide
integration, innovation, scalability and opportunities for increased
efficiencies
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Fiserv solutions for online banking, mobile banking, source capture,
bill payment, person-to-person payments and card services will provide
a comprehensive, integrated set of products and services
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that Katahdin Trust Company has
chosen the Premier® bank platform, as well as a comprehensive
selection of additional solutions from Fiserv. Headquartered in Houlton,
Maine, the $577 million bank cited the scalability and integration of
Fiserv products and services as key factors in its decision to choose
Fiserv.
"Bringing leading-edge technology under one Fiserv umbrella will help us
to create new efficiencies throughout our organization, remain
competitive and improve our bottom line," said Jon Prescott, President
and CEO, Katahdin Trust Company. "Just like consumers and businesses
across the country, our customers want the latest technology. With
Fiserv, we will be positioned not only to provide state-of-the-art
products and services that are available now, but also to anticipate and
deliver the technological innovations still on the horizon."
Because of its partnership with Fiserv, Katahdin Trust Company will be
able to effectively compete with larger banks in its market by quickly
bringing innovative products and services to its customers. One such
product, Mobile Source Capture™ from Fiserv, turns a smartphone into a
deposit-making device, enabling consumers and small businesses to safely
and securely deposit checks from any location.
"Katahdin Trust Company has an impressive record of success in this
rapidly evolving industry, as evidenced by its recognition for six
consecutive years as one of the Top 200 Community Banks in the country
by American Banker magazine," said Teri Carstensen, president,
Bank Solutions, Fiserv. "Fiserv offers Katahdin Trust Company and other
financial institutions like it new opportunities for innovation,
increased efficiencies and continued growth. By partnering with Fiserv,
the bank joins our continually growing list of successful clients that
rely on Fiserv to help deliver the products, services and delivery
channels that consumers have come to expect from banks of all sizes."
With headquarters in a rural location, Katahdin Trust Company relies on
technology like business online banking, wire services and check capture
to make business banking easier and expand beyond the bank's traditional
geographic footprint. Fiserv products and services that improve
offerings for business customers are especially important for Katahdin
Trust Company, which has received the preferred lender designation from
the U.S. Small Business Administration. This designation is
reserved for the SBA's most experienced and trusted lenders with a
proven record of lending performance and excellence.
Other innovative solutions from Fiserv selected by Katahdin Trust
Company include Popmoney® for person-to-person payments,
CheckFree® RXP® for bill payments, Mobiliti™ for
mobile banking, Business Online™ and Retail Online™ for online banking,
Branch Source Capture™, Merchant Source Capture™ for check capture,
WireXchange® for wire transfers, Director™ for electronic
content management, Business Process Manager for new account and process
management, the ACCEL/Exchange® Network, Debit Processing and
card production services. Katahdin Trust Company will operate the
Premier bank platform in an in-house environment.
Fiserv is the U.S. market leader in account processing services for
financial institutions. More than one-third of U.S. financial
institutions rely on Fiserv for account processing solutions and
expertise.
About Katahdin Trust Company
Katahdin Trust Company, established in 1918 with nearly $580 million in
assets, provides banking services to individuals and businesses from
seventeen offices in northern and central Maine, online at
katahdintrust.com, and operates a commercial loan office in Scarborough,
Maine. Katahdin Trust Company has also received the Preferred Lender
designation by the U.S. Small Business Administration and has been
recognized as one of the Top 200 Community Banks in the country for six
consecutive years by American Banker magazine. Katahdin Trust Company is
owned by the one-bank holding company, Katahdin Bankshares Corp.,
(OTCQB:KTHN), which is quoted on the OTC Markets quote board
OTCQB under the symbol KTHN. Current stock information can be found at
otcmarkets.com/home.
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:
Karen Veling
SVP, Head of Marketing and
Communications
Fiserv, Inc.
262-879-5017
karen.veling@fiserv.com
Source: Fiserv, Inc.
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