• Credit union selects integrated online banking, mobile banking, electronic bill payment, mobile check deposit and account software solutions from Fiserv
• Solution suite will help drive organizational growth initiatives by reducing cost, increasing efficiency and enhancing member relationships
• Fiserv commitment to supporting XP2 platform's open architecture, relational database cited as key factor in selection
BROOKFIELD, Wisc. - Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that E-Central Credit Union, based in Pasadena, California, has selected the XP2® core processing platform in an outsourced deployment. The credit union will also implement several integrated digital solutions, including Corillian Online® for online banking, Mobiliti™ for mobile banking, CheckFree® RXP® for electronic bill payments, Mobile Source Capture™ for mobile check deposit, and Wisdom™ for comprehensive accounting functionality.
"To help realize our organizational goals and objectives, we recently partnered with Fiserv to deploy a suite of solutions which reduce our capital expenditures and the burden of managing compliance, employee risk, security and disaster recovery services," said Mike Theodore, president and CEO, E-Central Credit Union. "In our opinion, Fiserv provides best-of-breed integrated digital solutions, and is supported by strong leadership that is committed to continued investments in their platforms."
Founded on New Year's Day in 1943, E-Central Credit Union has approximately $161 million in assets and 17,000 members. After a competitive review process, the 72-year-old credit union selected Fiserv to upgrade its core technology to drive growth by reducing overall cost, increasing operational efficiency, mitigating risk and enhancing new and current member relationships.
"Credit unions rely on our solutions to consistently deliver high-value services that strengthen member satisfaction, loyalty and profitability," said Mark Sievewright, president, Credit Union Solutions, Fiserv. "E-Central Credit Union's selection of XP2 from Fiserv demonstrates the value of our continued commitment and investment in technology for progressive credit unions. With the addition of digital channels and payments solutions from Fiserv, E-Central is positioned to deliver advanced financial services efficiently and effectively, enhancing member relationships both now and in the future."
Fiserv is the U.S. market leader in account processing services for financial institutions. More than one third of U.S. financial institutions rely on Fiserv for account processing solutions and expertise, including more than 2,000 credit union core processing clients. Javelin Strategy Research named Fiserv a top-ranked mobile banking provider for three consecutive years and CheckFree RXP is the industry's leading electronic billing and payments solution used by more than 4,000 institutions.
About E-Central Credit Union
Headquartered in the heart of Pasadena, E-Central Credit Union has a long-standing tradition of delivering quality financial services. The credit union was founded in 1943 with the sole purpose of serving its members. For more information, visit www.ecentralcu.org.
Fiserv, Inc. (NASDAQ: FISV) is a leader in financial services technology and one of FORTUNE® magazine's World's Most Admired Companies. Fiserv enables clients to achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.
Senior Public Relations Manager
Director, Public Relations
Source: Fiserv, Inc.
255 Fiserv Dr. , Brookfield, WI 53045