Trustmark National Bank Selects Central Source Capture from Fiserv to Digitize Check Capture and Processing

  Trustmark National Bank Selects Central Source Capture from Fiserv to
  Digitize Check Capture and Processing

  *Central Source Capture to automate all aspects of the item processing
    operation
  *Trustmark expands longtime relationship with Fiserv

Business Wire

BROOKFIELD, Wis. -- November 01, 2012

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that Trustmark National Bank, a
subsidiary of Trustmark Corporation (NASDAQ: TRMK), has decided to implement
Central Source Capture™ from Fiserv, a web-based check capture and processing
solution. For Trustmark, this represents a significant investment, one that
will enable the organization to replace its current, paper-based check
processing system with a modern solution. This new system will automate all
aspects of the item-processing operation, including capture, data perfection,
electronic cash lettering, clearing settlements and outputs to posting and
image archive.

“Despite all of the tremendous advances in banking technology over the past
several years, check processing is still a very necessary function for
financial institutions,” said Nick Anderson, Senior Vice President of
Operations at Trustmark National Bank. “Central Source Capture from Fiserv
will give us the ability to modernize that function, while driving significant
efficiencies for our organization. We looked at several prospective vendors
and found elements that worked well, but none that would give us the universal
all-in-one system that the Fiserv solution presented.”

The multi-year agreement expands a strong, long-term relationship between
Fiserv and Trustmark, which Trustmark cites as one of the key reasons for
selecting Central Source Capture. “Trustmark already uses a multitude of
Fiserv products and services. We knew from our history with Fiserv that we
would be working with a product support group that understands Trustmark’s
environment,” said Anderson.

To minimize the risks often associated with a transition of this size,
Trustmark and Fiserv worked together to identify a phased implementation
approach. The first phase included deploying a centralized database for branch
capture and placing image-enabled ATMs throughout Trustmark’s branch system.
The second phase will encompass replacing legacy check processing and cash
lettering systems and eliminating sort patterns from legacy systems. During
the third phase, the legacy image exchange and external duplicate detection
systems will be replaced. By using this phased approach, Trustmark will be
able to perfect data in one database before passing files or processes to the
new system.

“Migrating an entire item-processing operation is a significant undertaking,
but we are confident that the implementation approach we have identified will
make the transition virtually seamless,” said Gary Brand, director, Source
Capture Solutions, Fiserv. “More importantly, once the implementation is
complete, Trustmark will have a modern, innovative solution that will help
them increase efficiencies now and into the future.”

Central Source Capture integrates seamlessly with core account processing
systems and remote capture applications to provide an end-to-end
image-exchange workflow, regardless of the point of capture. This includes
integration with the Fiserv suite of Source Capture Solutions, which is made
up of solutions such as Mobile Source Capture™, ATM Source Capture™, Branch
Source Capture™ and Merchant Source Capture™.

In addition to Central Source Capture, Trustmark has implemented ATM Source
Capture to provide envelope-free check deposits at image ATMs. Other Fiserv
solutions used by Trustmark include ARP/SMS ^TM for account reconciliation and
the Fiserv PEP+^® Automated Clearing House processing platform.

Fiserv is the leading provider of check processing solutions in the U.S. and
provides a host of check processing solutions for financial institutions of
all sizes.

About Trustmark Corporation

Trustmark Corporation (NASDAQ:TRMK), with $9.9 billion in assets, is a
diversified financial services company. Trustmark provides banking, wealth
management and insurance solutions through its subsidiaries, including
Trustmark National Bank, Trustmark Investment Advisors, and Fisher Brown
Bottrell Insurance, Inc. With locations in Florida, Mississippi, Tennessee and
Texas, Trustmark achieves outstanding customer satisfaction by understanding
their customers’ business needs and providing appropriate financial solutions.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving
the financial services industry, 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.

FISV-G

Contact:

Media Relations:
Amanda McCracken
Public Relations Manager
Fiserv, Inc.
678-375-3399
amanda.mccracken@fiserv.com
or
Additional Contact:
Wade Coleman
Director, Public Relations
Fiserv, Inc.
678-375-1210
wade.coleman@fiserv.com
 
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