Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that United Community Banks, Inc., a $6.7 billion bank holding company headquartered in Blairsville, Ga., has extended and expanded its relationship with Fiserv. United will continue to operate on the Premier ® bank platform with a host of additional Fiserv solutions, in addition to new deployments of card services solutions from Fiserv.
The innovation, integration and scalability offered by Fiserv solutions were cited by United as key factors in its decision. United is the third-largest traditional bank holding company in Georgia, operating more than 100 locations in Georgia, North Carolina and Tennessee, and holds a customer satisfaction rating of 95 percent, as reported by Customer Service Profiles, LLC.
“United relies on the market-leading innovation and integration offered by Fiserv to help our organization grow, while supporting the exceptional level of service our customers expect,” said Jim Stewart, Chief Technology Officer, United Community Banks, Inc. “We consider this technology a competitive advantage, as we, like other institutions, must maintain outstanding customer satisfaction, lower operating expenses, meaningfully increase operating efficiency and remain focused on improving overall credit measures.”
Centered on the Premier bank platform, United utilizes Business Process Manager for new account and process management, CheckFree ® RXP ® for bill payment, Popmoney ® for person-to-person payments, Retail Online™ and Business Online™ for online banking, Merchant Source Capture™ for remote check deposits, Director™ for electronic content management, and several other Fiserv solutions. Fiserv will also help the bank implement EFT Processing for electronic funds transfer and deploy the ACCEL/Exchange ® Network, to give United’s cardholders around-the-clock access to demand deposit account funds at ATMs and the point of sale.Premier is a comprehensive, integrated and scalable community and regional bank platform available for outsourced and in-house deployment. United will continue to process in-house. According to Stewart, this model is the best fit for United, giving the bank several cost and processing benefits. United prefers the flexibility of in-house processing and operating the bank’s systems internally.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts