Audubon Savings Bank Improves Efficiency with Fiserv VISION Cleartouch
New Jersey financial institution looks to the future
Brookfield, Wis., January 31, 2008 - Fiserv VISION, a business unit of Fiserv, Inc. (NASDAQ: FISV), a leading provider of information management systems and services, announced today that Audubon Savings Bank of Audubon, N.J., with assets of $166 million, has chosen Fiserv VISION Cleartouch as the bank's core data processing solution. Audubon Savings Bank has ambitious goals for future growth, selecting Fiserv VISION for its ability to improve the bank's operations through increased efficiency while at the same time enabling Audubon Savings to maximize its customer relationships and increase revenue by creating new cross-sale opportunities.
The consistent look and feel of Fiserv VISION Cleartouch, coupled with its easy navigation were factors in Audubon's selection of Fiserv VISION, as were the power and potential they saw in the iVue business intelligence solution and the full-featured functionality of the Fiserv VISION application. D. Kyle Morris, senior vice president
and CFO of Audubon Savings said his bank wanted a long term partner and Fiserv VISION was the clear choice.
"When we began our due diligence process to select a core data processor, we were looking for a company with a suite of software to meet both our current and future growth plans. Fiserv VISION, with its Cleartouch software and integrated ancillary solutions, will provide the ease of use and robustness that we will require from our data processing software to efficiently deliver banking services to our consumer, business and government customers in the 21st century and beyond," said Morris.
In converting to Fiserv VISION Cleartouch, Audubon Savings gains a full Fiserv solution set that includes business intelligence, an automated, integrated teller and new accounts platform, retail Internet banking, bill pay and accounting functionality.
Mike Rigney, president of Fiserv VISION, knows financial institutions today face challenges on many fronts. He is confident that Audubon Savings Bank will be able to meet and overcome those challenges through their partnership with Fiserv VISION.
"Today's competitive banking environment has produced savvy customers with high expectations for service and convenience. To exceed service expectations and win market share requires every customer touch-point to become a service opportunity driven by a total relationship view and diverse set of retail and business capabilities. The Audubon Savings Bank team was quick to recognize that value equation," said Rigney.
About Fiserv VISION
Fiserv VISION provides community and commercial banks with a complete online banking solution, web hosting, and internet banking services. Fiserv VISION services more than 850 financial institutions nationwide and provides core processing services to more than 350 clients. Fiserv VISION is headquartered in Brookfield, Wis., with offices
in Glastonbury, Conn., Tampa and Orlando, Fla.
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 serves more than 21,000 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. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv and CheckFree had more than $4.5 billion in combined pro forma total revenue for 2006. For more information, please visit www.fiserv.com.
Corporate Contact:
Lori Stafford
Assistant Vice President Corp. Comms.
Fiserv, Inc.
262-879-5130
lori.stafford@fiserv.com
For more information contact:
Karen Veling
Senior Vice President
Marketing & Sales Support
Fiserv VISION
262-879-5017
Karen.veling@fiserv.com
cia.bell@integrasys.fiserv.com
