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Largest bank in Washington selects DNA from Fiserv and integrated
solutions to facilitate growth and increase efficiency
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Market-leading electronic payments and digital channel solutions to
further differentiate the Washington Federal customer experience
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Bank leaders cite the real-time DNA platform's flexibility,
scalability and future-forward design as key factors in their decision
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that Washington Federal, based in
Seattle, Wash., has selected the DNA™
account processing platform and a host of complementary Fiserv solutions
to better serve its nearly 600,000 customers. The $14.4 billion asset
bank will use the integrated Fiserv solutions to drive growth through
increased efficiency and an enhanced customer experience.
As one of the country's 100 largest banks, Washington Federal required a
robust enterprise platform to meet its aggressive growth plans. The
integrated Fiserv solution will scale with Washington Federal's growth
and support the institution in driving value across its 235 branches
located in eight western states.
"Our partnership with Fiserv is a transformational, long-term investment
in the way we deliver value to our customers and stockholders," said Roy
Whitehead, Chairman, President and CEO of Washington Federal. "The
unified design of DNA and its flexible, service-oriented architecture
will help us roll out new products quickly and easily. Backed by the
expertise of Fiserv, we will have an innovative technology platform to
enable growth now and in the future."
Washington Federal selected DNA for its open architecture and
person-centric design - factors that will allow the bank to easily
integrate complementary solutions while maintaining a 360-degree view of
its retail and commercial relationships. Real-time 24/7 processing and
integrated digital banking and payments solutions like Corillian Online®,
Mobiliti™, CheckFree® RXP® bill payment and
Popmoney® personal payment will enable the bank to deliver a
robust banking experience via browser, smartphone and tablet. Washington
Federal will use DNA along with Weiland Account Analysis™ and dedicated
business online banking and bill payment services to attract commercial
clients, while the Accel™ debit payments network and solutions for ATM
processing will enhance the speed, security and convenience of the
bank's electronic and card-based transactions.
"Washington Federal understands that mobility, immediacy and ease are
key to delivering banking and financial services that meet the needs of
its customers, and we are honored to deliver the technology that will
make their vision for creating additional value for customers possible,"
said Jeffery Yabuki, President and Chief Executive Officer of Fiserv.
"We are partnering with Washington Federal to deliver a winning and
differentiated financial services experience for its retail, business
and commercial customers at the intersection of enabling technology and
superior relationships."
Additionally, Washington Federal will implement TransferNow®
for account-to-account transfers, Prologue™ for financial accounting,
tMagic™ for DNA integrated teller capture and solutions for financial
crime and risk management. Fiserv will also help the bank implement PEP+®
for ACH payment processing and WireXchange® for wire
exchanges. With DNA, Washington Federal has the ability to add new
functionality through integrated core extensions available through the
DNAappstore™ - the first collaborative online marketplace for custom
core applications.
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. DNA recently won two CEB
TowerGroup "Best-in-Class" awards for its product management and
customer-centricity.
Additional Resources:
About Washington Federal
Washington Federal, Inc. is the parent company of Washington Federal, a
national bank that operates 235 offices in Washington, Oregon, Idaho,
Utah, Nevada, Arizona, Texas and New Mexico. Established in 1917, the
Company provides consumer and commercial deposit accounts, insurance
products and financing for small to middle-market businesses, commercial
real estate, and residential real estate, including consumer mortgages
and home equity lines of credit. As of December 31, 2013, the Company
reported $14.4 billion in assets, $10.4 billion in deposits and $2.0
billion in stockholders' equity.
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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