• Maryland credit union selects the XP2 account processing platform from Fiserv with additional Fiserv solutions for digital banking
• XP2 is proven choice in account processing with individual centric design, flexibility and scalability that supports growth and drives operational efficiency for credit unions
• Credit union cites the delivery of an intuitive user experience and robust range of functionality as key to its decision
Brookfield, Wis. – Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Nymeo Federal Credit Union, headquartered in Frederick, Md., has selected its XP2® account processing platform in an outsourced environment along with a host of integrated Fiserv solutions. The $251 million credit union will use the total Fiserv solution to streamline its business by creating consistent workflows and reporting across channels - branch, online and mobile. The credit union cited improved integration and the elimination of third party solutions as key to the choice of Fiserv.
"Nymeo FCU has experienced growth in recent years, leading us to look to a technology solution with an intuitive member and staff experience with enhanced functionality, as well as seamless integration and access to enterprise-wide information. These attributes will enable our credit union to support and promote our members' financial wellbeing," said Vicki Johnston, President and Chief Executive Officer, Nymeo Federal Credit Union. "We chose to partner with Fiserv for its strong focus in digital channels and proven track record of innovation."
Nymeo FCU has been a part of the Frederick, Md. community since 1933 and now serves more than 22,000 members. The credit union's recent rebranding provided an opportunity to evaluate its internal processes and seek an intuitive technology solution that correlates with its innovative branch design. The integration of other Fiserv solutions allows for greater efficiencies and gives staff a complete view of the member relationship, thus increasing the opportunities for personalized service.
"The team at Nymeo FCU understands fully the importance of technology integration in delivering a comprehensive and relevant array of products and services to their members in the most efficient way possible," said Mark Sievewright, division president, Credit Union Solutions, Fiserv. "The combination of Fiserv digital solutions with the advanced and intuitive XP2 core processing solution will help position the credit union as a one-stop financial center for its members."
In addition to XP2, Nymeo FCU will utilize Corillian Online® for online banking, Mobiliti™ for mobile banking, Popmoney® for person-to-person (P2P) payments, CheckFree® RXP® for bill payment, Nautilus® for enterprise content management, AccountCreateSM for online account opening, Statement Advantage™ for statement creation, Wisdom™ comprehensive accounting tools, Next Multi-Channel Marketing, Branch Source Capture™ and Mobile Source Capture™, and solutions for item processing and electronic statements.
XP2 from Fiserv is a proven choice in account processing for credit unions featuring a Microsoft® .NET Framework architecture open at every tier and an individual centric design backed by an IBM® DB2 relational database. With scalable technology and established interfaces for a broad range of enterprise solutions, XP2 supports credit unions' growth and drives operational efficiency. XP2 is available via service bureau, in-house delivery or facilities management.
Fiserv is the U.S. market leader in account processing services for financial institutions. More than 55 million consumers use Fiserv-powered online banking services, and more than one third of U.S. financial institutions rely on Fiserv for account processing solutions and expertise.
• Account Processing Solutions from Fiserv - http://fisv.co/1oBySm9
• Credit Union Solutions from Fiserv - http://fisv.co/OFCFSs
This year, Fiserv, Inc. (NASDAQ: FISV) celebrates 30 years of leadership in financial services technology. As one of FORTUNE® magazine's World's Most Admired Companies, Fiserv is helping clients worldwide achieve best-in-class results by 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.
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