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California-based credit union extends 30 year partnership with Fiserv
by selecting DNA account processing platform
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Real-time processing and integrated banking solutions to increase
efficiency and enhance member service
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Member-centric design, robust business banking capabilities and
innovative DNAcreator were key factors in the selection
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that Travis Credit Union, based in
Vacaville, Calif., has selected the DNA™
account processing platform and several integrated solutions to better
serve its 168,000 members. The $2.2 billion asset credit union will
leverage the platform's member-centric design and flexible development
tools to attract and retain retail and commercial relationships.
"DNA from Fiserv will allow us to bring new products and services to
market in a more rapid timeline. Plus, with DNAcreator™, we'll be able
to customize and extend the platform as our needs and our members' needs
evolve," said Patsy Van Ouwerkerk, president and Chief Executive
Officer, Travis Credit Union. "Other financial institutions using DNA
have proven success with the platform's commercial lending capabilities,
which gives us confidence in its ability to support our growth in
business services."
Recognized
by industry-leading analysts for its technology, user experience and
breadth of functionality, DNA is the first open, person-centric core
banking platform built for collaboration. DNA was developed using
Microsoft's leading .NET Framework for a state-of-the-art core platform
that banks and credit unions can rely on for the long-term. With DNA,
Travis Credit Union benefits from 24/7 real-time processing, robust
retail, mortgage and commercial banking capabilities, and a 360 degree
view of its retail and business relationships.
The unique customization and extensibility opportunities made possible
by DNAcreator and DNAappstore™ also played a key role in Travis Credit
Union's decision to select DNA. With the DNAcreator development toolkit,
the credit union's technical staff can create seamlessly integrated,
custom core extensions called DNAapps™ that add new functionality,
screens and processes to DNA. Travis Credit Union can sell its DNAapps
to other financial institutions as well as purchase those created by
others through the DNAappstore - the first collaborative online
marketplace for custom core applications.
"We are delighted to extend our 30 year relationship with Travis Credit
Union following the team's selection of the DNA platform. Travis joins a
fast-growing group of credit unions who understand fully the flexibility
and functionality needed from a core processing solution in driving
member service excellence and supporting business growth strategies,"
said Mark Sievewright, division president, Credit Union Solutions,
Fiserv. "Further, Travis's selection of DNA provides additional momentum
to the significant adoption we have seen for the platform since our
acquisition of Open Solutions."
In addition to DNA, Travis Credit Union will implement Credit Card
Management and tMagic™ for DNA. The credit union will leverage the open
architecture of DNA to integrate its existing Fiserv solutions,
including Prologue™ for financial management, AML Manager for anti-money
laundering and CheckFree® RXP® and CheckFree®
Small Business for electronic bills and payments. Travis Credit Union is
an existing client of the Raddon Financial Group, a consulting and
research group of Fiserv.
Additional Resources:
About Travis Credit Union
Headquartered in Vacaville, California, Travis Credit Union is a
not-for-profit cooperative financial institution serving those who live
or work in Alameda, Colusa, Contra Costa, Merced, Napa, Placer,
Sacramento, San Joaquin, Solano, Sonoma, Stanislaus, and Yolo Counties.
Currently, Travis Credit Union is the 11th largest credit union in
California with more than 168,000 members and more than $2.2 billion in
assets. As one of the leading financial institutions in Solano, Contra
Costa, Yolo and Merced Counties, Travis Credit Union's strength lies in
its faithful commitment to its members and the community; its solid,
secure history; and its long-standing track record of dedicated service.
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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