Solutions. Financial segment This segment provides financial institutions with the products and services they need to run their operations. Many financial institutions that previously developed their own software systems and maintained their own data processing operations license software from third parties or outsource their data processing requirements by contracting with third-party processors. Within the Financial segment, the company provides banks, thrifts, credit unions, and leasing and finance companies with account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services, and other products and services that support various types of financial transactions. Many of the products and services that the company sells are integrated with solutions from its Payments segment, such as electronic bill payment and presentment, Internet and mobile banking, debit processing and network services, and person-to-person payments. The company’s solutions in the Financial segment comprise: Account Processing The company provides account servicing and management technology solutions to its bank, thrift and credit union clients, as well as a range of integrated, value-added banking products and services. Account processing solutions are the principal systems that enable a financial institution to operate systems that process customer deposit and loan accounts, an institution’s general ledger, central information files and other financial information. These solutions also include security, report generation and other features that financial institutions need to process transactions for their customers, as well as to comply with applicable regulations. The company supports a range of client-owned peripheral devices manufactured by various vendors. The principal account processing solutions used by the company’s bank and thrift clients are Cleartouch, DNA, Precision, Premier, Signature and TotalPlus. The principal account processing solutions primarily used by the company’s credit union clients are Advantage, Charlotte, CubicsPlus, CUnify, CUSA, DataSafe, DNA, Galaxy, OnCU, Portico, Reliance, Spectrum and XP2. The Signature and DNA systems are available both domestically and internationally. In addition, the company offers Agiliti as a software-as-a-service solution to the U.K. financial services industry. Account processing solutions are generally offered as an outsourced service or as licensed software for installation on client-owned or hosted computer systems. The company owns Open Solutions Inc. (Open Solutions), a provider of account processing technology for financial institutions. Open Solutions’ primary account processing product, DNA, is a real-time platform designed to enable financial institutions to add and customize ancillary solutions using its applications feature. This acquisition advanced the company’s go-to-market strategies by adding various products and services and by expanding various account processing clients to which the company could provide its range of add-on solutions. Item Processing The company’s item processing business offers products and services to financial institutions and intermediaries. Through the Fiserv Clearing Network, the company provides complete check clearing and image exchange services. Other solutions include image archive with online retrieval, in-clearings, exceptions and returns, statements and fraud detection. The company also provides consulting services, business operations services and related software products that facilitate the transformation of its clients’ check capture environments from paper-based to electronic. Lending and Other Solutions The company’s lending business offers life-of-loan products and services to financial institutions and intermediaries, including loan originations, servicing and default systems primarily for auto, consumer and real estate. In addition, the company’s lending solutions include a full complement of services, such as customization, business process outsourcing, education, consulting and implementation services. Other bu
fiserv inc (FIV:Munich)
255 Fiserv Drive
Brookfield, WI 53045
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