Raymond James Bank has chosen Fiserv for an enterprise-wide banking solution. Centered on the Signature® bank platform, the total Fiserv solution set for Raymond James Bank includes Aperio™ for business process management, Nautilus® for enterprise content management, Prologue™ for financial management, Corillian® Online for online banking, CheckFree® RXP® for bill payment, and solutions for debit, ATM and item processing. Signature is a complete, real-time, SOA-based solution that delivers customization, system integration and business process improvement to traditional and nontraditional financial institutions around the world. Highly scalable in mid-to-large size institutions in 45 countries and 21 languages, Signature provides a flexible, cost-effective solution for account processing.
ACI Worldwide unveiled the next generation of its consumer payments solution, enabling real-time, any-to-any payments. ACI is empowering financial institutions, retailers and billers to reduce payment processing costs, increase customer loyalty and drive new revenues by giving consumers more control over their money and the payment services they value. The company made the announcement at its Disruption in Payments events in New York and London. With the latest version of ACI’s market-leading consumer payments solution, UP BASE24-eps, as the enabling technology, real-time payments facilitate quick, secure, cost-effective and regulated transactions between consumers and retailers, financial institutions and billers. Industry experts believe that real-time payments will accelerate the global economy by eliminating billions of dollars in costs and generating billions of dollars in new revenues each year.
ACI Worldwide banking and payment systems made available its ACI Acquirer 3.10, the latest version of its comprehensive multi-currency merchant management system. As acquirers struggle to keep up with the high development and maintenance costs needed to run their legacy acquiring systems, ACI Acquirer provides a modern system that supports a range of standard operating systems and delivers reusable, SOA-based business services. Release 3.10 adds support for IBM System p, and opens the use of more than 600 SOA-based business services to UNIX systems. ACI now offers an additional deployment platform option, enabling acquirers with the flexibility to choose the best infrastructure to suit their environments and control infrastructure costs. Also, ACI Acquirer now extends support of more than 600 SOA-based business services to UNIX environments, lowering application development costs and speeds time to market.
ACI Worldwide international provider of payment systems made available its own “Universal Payments Platform.” This new platform empowers organisations to achieve true end-to-end enterprise payments. This approach accelerates time-to-market, reduces risk, drives revenue growth and increases operational efficiencies. The “Universal Payments Platform” is at the core of ACI’s Universal Payments (UP) strategy, focused on equipping financial institutions, payment processors and retailers to transform their traditional payments environments to address emerging opportunities, including mobile, social media and web payments.
ACI Worldwide payment systems announced its latest version of “ACI Issuer,” combating heightened regulation and antiquated systems to drive down the cost of issuing cards and managing customer accounts. Issuers can eliminate duplicate systems by issuing debit, credit, pre-paid and commercial cards as well as offering unsecured loans from a single issuing platform. Using ACI Issuer as a single platform also gives financial institutions a unified view of customers, accounts, payment types and transactions. A single view of the customer improves the ability of customer service representatives to respond to inquiries and resolve issues, increasing customer satisfaction.
Fiserv made enhancements to its “Signature” bank platform for large to mid-tier U.S. financial institutions for extensive market and client input. Renamed “Signature 12.1,” the enhanced platform delivers solutions that enable banks to generate growth and improve efficiency. Advanced capabilities include the opportunity for financial institutions using Signature to: employ an enterprise level pricing strategy for all account types across retail, commercial and wealth management customer bases; expand and enhance commercial lending capabilities; and fight fraud and manage risk on the front line of their organizations. Upgrades involve Relationship Pricing and Analysis; an Onboard Advisor; and Commercial Lending for Signature 12.1. Other enhancements in Signature 12.1 include heightened efficiency in retirement processing.
Fundtech global transaction banking solutions released results for its benchmark test conducted in conjunction with IBM for a Tier 1 global bank. This demonstrates Global PAYplus Services Platform (GPP-SP) running on an IBM software and hardware stack is able to far exceed the Bank’s current and future performance targets for processing mass payments. Mass payments refers to consumer and business low-value payments (such as ACH or SEPA transactions) that are typically processed in very large quantities, and therefore require a highly scalable system. In the benchmark test, Fundtech’s GPP-SP was able to process 20 million payments in under two hours, less than half the time established as the benchmark by the Bank. In variations of the test, GPP-SP processed double and even triple the volumes in the target timeframes.
Fiserv financial services technology solutions has been positioned by Gartner in the Leaders Quadrant of the 2011 “Magic Quadrant for International Retail Core Banking” based on evaluation of its Signature bank platform. The Gartner Magic Quadrant is an annual analysis of international core banking system vendors and their technologies. The report evaluates market understanding and responsiveness; industry and geographic strategy; business model; innovation; product, sales and service; overall viability; customer experience and track record.
Fiserv enhanced its “Signature” bank platform for large to mid-tier U.S. financial institutions to provide solutions for banks to generate new sources of revenue and improve efficiency. With this, Commercial Lending in Signature 11.1 has expanded revenue generation capabilities at the commitment and origination level with new fee options. Also, Signature 11.1 introduces Single Customer View for Signature, a value-added banking service which utilizes service-oriented architecture (SOA) to integrate applications, streamline business processes and align IT. This enables financial institutions to achieve a consolidated view, at a summary level, of all customer accounts within a financial institution. Single Customer View is a key differentiator for financial institutions looking to provide a superior customer experience. Additionally, there is improved convenience for Fiserv-managed cardholder applications and data via Signature and Aperio from Fiserv and a new browser-based user interface (UI), with user-friendly Web page feel and adds significant value to users in terms of training, usability, security and product stability.
Fiserv enhanced its “Signature” bank platform for large to mid-tier U.S. financial institutions. Offering solutions allowing banks to generate new sources of revenue and improve efficiency, the improvements include the opportunity to deploy an enterprise level pricing strategy for all account types, access to a single view of bank customers across channels and lines of business, and technology that expands revenue generation opportunities for commercial bankers. Signature 11.1 introduces Single Customer View for Signature, a value-added banking service which utilizes service-oriented architecture (SOA) to integrate applications, streamline business processes and align IT. Other enhancements in Signature 11.1 include convenient access to Fiserv-managed cardholder applications and data via Signature and AperioTM from Fiserv and a new browser-based user interface (UI).
UniBank & Trust will now implement “Universal Banking” from Fiserv on the “Signature” bank platform, giving users access via the Internet, reducing costs while delivering the business benefits of a traditional, on-site solution. The selected platform features “Data Warehouse,” “Treasury and Financial Crime Risk Management” solutions, “Aperio” customer channel management and “Teller” multi-currency, full-function, branch tellering and transaction processing solution. Using “Aperio” to provide a single view of the end customer to bank agents, allows UniBank to provide speedy, accurate responses to customer inquiries.
Fiserv financial services technology “Signature” bank platform has been positioned by Gartner in the Leaders Quadrant of the 2010 “Magic Quadrant for International Retail Core Banking.” The Gartner “Magic Quadrant” is an annual analysis of international core banking system vendors and their technologies, evaluating market understanding and responsiveness; industry and geographic strategy; business model; innovation; product, sales and service; overall viability; customer experience and track record. Fiserv was placed in the Leaders Quadrant based on its Completeness of Vision coupled with Ability to Execute, and was one of 18 vendors named in the analysis from 40 original candidates. Moreover, the “Signature” platform offers a complete, real-time, service-oriented architecture (SOA)-based solution. It supports sophisticated overdraft and agreed credit arrangement (ACA) processing, collections and card products.