Software provides enterprise fraud protection.

Press Release Summary:



Enterprise Risk Service software connectivity hub enables value-added alert transfers among products within Fiserv anti-fraud and anti-money laundering solutions. It promotes detection capabilities, efficiencies, and work prioritization while reducing false positives and revenue losses. Specifically, hub enables exchange and integration of risk scores and suspicious activity alerts. Risk scores and alerts can be shared for collaborative and weighted scoring.



Original Press Release:



Fiserv Introduces Innovative Software Hub to Enhance Enterprise Fraud Protection



New hub enables integration and alert exchange across Fiserv's portfolio of market leading fraud and compliance solutions

Brookfield, Wis., September 15, 2008 - Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial industry, today announced the introduction of its new Enterprise Risk Service (ERS), a software connectivity hub designed to enable value-added alert transfers among the products within Fiserv's comprehensive portfolio of anti-fraud and anti-money laundering solutions. Benefits for clients include improved detection capabilities, fewer false positives, reduced revenue losses, improved efficiencies and work prioritization, and lowered total cost of ownership.

"Financial industry trends point to the benefits of sharing information across risk silos for improved efficiencies, business insight and competitive advantage. With Fiserv's new Enterprise Risk Service, our customers can seamlessly integrate alerts from disparate fraud and anti-money laundering silos to improve risk protection," said Sebastian Kuntz, president of Fiserv Fraud and Compliance Solutions. "By taking advantage of the new ERS, clients benefit from superior combined intelligence, and the potential to significantly reduce risk with this first-of-its kind offering for true enterprise level financial crime oversight, prevention and management."

The ERS software hub enables the exchange and integration of risk scores and suspicious activity alerts across solutions from Fiserv's NetEconomy for compliance and fraud protection, Carreker fraud solutions, and Fiserv Imagesoft's FraudGuard solutions for digital check imaging protection against forgery, counterfeits and alterations.

ERS enables alerts and risk scores to be shared for collaborative and weighted scoring to more accurately detect suspicious activity and lower false positives, while leveraging and protecting investments in respective products that are currently used by the client. With ERS, each solution can be acquired in any combination as part of an integrated enterprise suite. In addition, third-party solutions can communicate via the ERS as a single point hub to enable an enterprise-wide and holistic customer view of risk.

"Financial institutions are seeking ways to integrate their compliance and fraud operations in order to create an enterprise-wide view of risk, but siloed business units and systems are a significant barrier," said Neil Katkov, PhD, senior vice president and managing director of the Asia Research group at Celent, a division of Oliver Wyman. "Solutions such as Fiserv NetEconomy's ERS that address this issue have the potential to bring the goal of enterprise compliance closer and help generate efficiencies on both an organizational and systems level."

A Portfolio of Industry-leading Solutions
Recent rankings show Fiserv fraud and compliance solutions as superior in the market place. Both NetEconomy and CheckFree, now part of Fiserv, ranked first in OpRisk & Compliance's Annual Survey for their anti-money laundering and anti-fraud software. For the anti-fraud software category, NetEconomy took the second spot combining with CheckFree in first place to compose 48 percent of the total vote. NetEconomy was also ranked first by IBS Publishing as the top-selling provider of anti-money laundering solutions for 2007. In addition, the American Bankers Association has exclusively endorsed Carreker's FraudLink solution, which came to Fiserv as part of the CheckFree acquisition.

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.

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