WI-based Fiserv reported third quarter revenue of $1313 million compared to $1263 million for 3Q/14 or up 4.0%. Net operating income for 3Q/15 rose 8.6% year-on-year (YOY) from $315 million in 3Q/14 to $342 million for the third quarter.
WI-based Fiserv has expanded its card production capabilities to include milling and embedding, enabling the company to complete the entire EMV™ chip card production process in house and streamline the migration to EMV chip cards for clients.
WI-based Fiserv reports GAAP revenue was $5.07 billion compared with $4.81 billion in 2013. Adjusted revenue was $4.74 billion for the full year compared with $4.55 billion in 2013, an increase of 4%.
WI-based Fiserv has been awarded the 2014 SWIFT Certified Application Reconciliation label for its Accurate Reconciliation solution for transaction matching, reconciliation and exception management.
Combating card-not-present (CNP) fraud is no easy task requiring sophisticated fraud detection strategies. The benchmark industry standard CNP fraud loss currently averages 8.3 basis points (bps).
Global processing powerhouse First Data had a busy year with nine contract extensions, a new German contract, and expanded nine partnerships. FDC also introduced three new products: Clover Station, VisionPLUS Flex, and Go Daddy Payment Solutions, plus upgraded a number of existing products. FDC also acquired Perka and took 100% ownership of JV. The Company also had three CEO’s during 2013 and received two major awards. Annual revenues also increased slightly in 2013, after two level years.
Kim A. Bruck has joined ACH Alert as Vice President, Business Development. This after having served as Manager for Association Services Member Support for Viewpointe and Senior Director of Education and Annual Payments Conference for the Wisconsin Automated Clearing House Association (WACHA). Prior to working for Regional Payments Association’s, Bruck has over 20 years experience working in the financial industry both for banks and credit unions. Bruck has served on the National Automated Clearing House Association’s (NACHA) Network Entry Topics Risk Management Product Group, the Account Takeover Task Force with FS-ISAC and Internet Council.
Platform as a Service payment solution provider
Aliaswireâs DirectBiller has been selected by WI-based M&I bank to offer
electronic bill presentment and payment solution for its business clients.
M&I Bank is using DirectBiller to enable business clients of all sizes to present bills
online and collect electronic payments using a hosted platform that
provides customer flexibility while meeting the highest security
standards. M&I Bank business customers can choose from an array of
configurations, receive comprehensive reports, and take advantage of
rapid time-to-market while offering end-customers multiple options for
accessing and paying bills, including by Web, phone, or agent. M&I Bank holds $57.2 billion in assets.
WI-based Associated Bank is offering surcharge free access to ATMs for its Illinois customers.
Through separate agreements with the STARsf and MoneyPass
networks, Associatedâs Illinois customers can use any of more than 2,000
ATM locations in Illinois, as well as nearly 50,000 ATM locations
worldwide, without paying ATM surcharges.
This expanded access to surcharge-free ATM locations is available to
Associated Bank customers with current relationship checking accounts
opened in Illinois. These Illinois customers will not pay any Associated
ATM fees or ATM surcharge fees when they use ATMs in the STARsf and
MoneyPass networks. Customers can find the closest surcharge-free ATM by
U.S. Bank’s Elan Financial Services has purchased WI-based Associated
Bankâs credit card portfolio. The portfolio will be converted in the
second quarter of 2010, and all of the new products and services will be
made available to clients at that time. Elan will offer a full suite of
consumer and commercial credit card services. Last week,
Elan announced the acquisition of the OH-based KeyBank credit card
portfolio. In conjunction with the new relationship with Elan, KeyBank
will be terminating its previously existing credit card issuing
relationship with Citi. The acquired KeyBank portfolio will also be
converted in the second quarter of 2010. (CF Library 9/3/09)
WI-based financial technology solution provider Fiserv has introduced a
new Card Collection featuring 78 card designs.
As part of its processing core competency, Fiserv offers the industry’s
most complete and secure card-production services, including design,
production, embossing, personalization and encoding capabilities.
Financial institutions can offer the full Card Collection to their
customers, allowing each customer to select their own card, or select
a single distinctive design for each of its card programs. With no
minimum order volume, no creative costs, and pay-as-you-go ordering,
Card Collection designs are ideal for new prepaid card programs.
Customers can choose the design that best reflects their gift-giving
occasion. The designs can also be used for, debit, credit, ATM, health
savings (HSA), flexible spending (FSA), payroll, general purpose, and
other prepaid card programs. Identity photos can be added to 12 of the
designs. All designs are Visa and MasterCard approved.
WI-based financial services provider
Fiserv has tapped Maryann Goebel, previously with DHL, as EVP/CIO
Previously, she served as
executive vice president and CIO for DHL Express in Bonn, Germany where
she managed an organization of 1,500 employees with responsibility for
service delivery in more than 200 countries. Maryann has multiple
experiences managing very large, complex technology organizations where
technology was a key enabler in defining the markets in which those
companies conducted business. Prior to DHL Express, she held executive positions with a variety of
sophisticated technology organizations including seven years
cumulatively with General Motors, where she rose to CIO, North America,
and CIO for GM Europe. Goebel earned a Bachelor of Science degree in mathematics from Worcester