Fiserv CEO Jeffery Yabuki Wins Top Innovator Award from Bank Technology News
Publication cites Yabuki's client-driven mission for earning the top honor in 2007
BROOKFIELD, Wis., Nov 14, 2007 -- Fiserv, Inc. (NASDAQ:FISV), a leading provider of information technology services to the financial industry worldwide, today announced its President and Chief Executive Officer, Jeffery Yabuki has been awarded the top honor in the Innovator Award of 2007 from Bank Technology News, the leading magazine for senior financial technology executives published by SourceMedia.
The sixth annual Innovators ranking honors the banking and financial services industry's 25 most innovative people, companies and technologies. The magazine selected Yabuki at the top of its list this year, citing his corporate strategy to offer a platformwide suite of products, Fiserv 2.0, which will take the company from a profit-center, business-unit model to one with a customerdriven mission. It also pointed out that Fiserv's total revenues have increased 9.3% to $2.54 billion year over year.
"I am honored to be selected as the top Innovator in 2007 by Bank Technology News. This award is a tribute to our more than 23,000 employees around the world who use creativity and innovation to deliver best-in-class technology solutions to our clients. Continuing to deliver market leading products, along with our announced acquisition of Checkfree will translate to even more innovative products and service opportunities than ever before," said Yabuki.
Bank Technology News published this year's listing in the November issue and along with SourceMedia hosted an awards dinner celebrating The Innovators on November 12, 2007 at The Wynn in Las Vegas.
"This year's Innovators represent a remarkable group of leaders who demonstrate how aggressive, well-conceived technology strategies can increase revenue, lower costs and differentiate a financial institution from its competition," said Bank Technology
News editor-in-chief Holly Sraeel. "Our 25 honorees have redefined the technology landscape with advances in next-generation payments and mobile banking, improved data analytics, branch automation, Internet security and more."
Peter Kight, Chairman and Chief Executive Officer of CheckFree, delivered the key note address outlining changes in the industry. Kight, who will become a member of the Fiserv Board of Directors when the acquisition is completed, was honored as the first recipient of the annual Peter Kight Lifetime Achievement Award. In addition, Kight, Yabuki and eight other honorees were inducted into The Innovators' Hall of Fame.
"For an independent publication to be honoring both Fiserv and CheckFree as top innovators in the financial technology arena is an indication of the market leadership opportunities that our within the reach of the combined company," added Yabuki.
About Bank Technology News
Bank Technology News, www.BankTechNews.com, the industry's source of technology coverage, provides critical information and analysis on the relationship between banking strategy and technology execution at financial institutions. As banks and
other financial organizations focus intently on facilitating business objectives, meeting compliance guidelines and achieving a return on investment for technology purchases, Bank Technology News focuses on the players, companies and innovations
that enable institutions to play by new rules and establish benchmarks by which their performance and regulatory compliance will be enhanced. SourceMedia, an Investcorp company, is the pre-eminent provider of timely and essential news, analysis,
research, and insights for members of the financial services community, and the related fields of accounting and technology. SourceMedia offers its clients and subscribers professional publications, industry-standard data applications, and in-depth seminars and conferences.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ:FISV), a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO),
software and systems solutions. The company serves more than 18,000 clients worldwide and 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. Headquartered in Brookfield, Wis., Fiserv reported more than $4.4 billion in total revenue for 2006. For more information, please visit www.fiserv.com.
SOURCE: Fiserv, Inc.
Fiserv, Inc.
Media Contact:
Lori Stafford
Assistant Vice President Corp. Communications
(262) 879-5130
lori.stafford@fiserv.com
or
Investor Contact:
David Banks
VP Investor Relations
(262) 879-5055
david.banks@fiserv.com
