Fiserv Bolsters CheckFree Investment Services Software Team with Key Appointment
Industry veteran Jay Pila brings global experience to new role as SVP and General Manager
Brookfield, Wis., February 22, 2008 - CheckFree, now part of Fiserv, Inc. (NASDAQ:FISV), a leading provider of information technology services to the financial industry, today announced that Jay Pila has joined the company as senior vice president and general manager of CheckFree Investment Services Software. In his new role, Pila will lead the teams responsible for CheckFree Investment Services Software products and solutions, including GIM®, CALIPER®, TradeFlow(TM), eVent(TM) and Advantage Fee.
Pila came to CheckFree Investment Services from SS&C Technologies where he was responsible for managing the TradeThru division, which delivers treasury and capital markets solutions to global financial institutions across North America, Europe, and Asia. As general manager of the TradeThru division, Pila had responsibility for revenue, P/L, administration, product management, product development, customer service, and daily operations.
Pila joined SS&C through their acquisition of OMR Systems, a business unit of ADP's brokerage services group.
Prior to OMR, he held the position of assistant vice president with Chemical Bank (now part of JP Morgan Chase), responsible for Global FX Margin Trading Systems. Before that, he was with Toyo Trust and Banking, of New York City.
"We are pleased to have Jay join our accomplished senior team," stated Mike Gianoni, executive vice president and general manager of CheckFree Investment Services. "Jay's twenty years of worldwide industry experience and leadership will be valuable as CheckFree expands its institutional software business on a global scale."
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and
2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007. For more information, please visit www.fiserv.com.
Fiserv Corporate Contact
Lori Stafford
Fiserv, Inc.
Assistant Vice President, External Comm.
(262) 879-5130
lori.stafford@fiserv.com
