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GBC International Bank Selects Precision From Fiserv For Account Processing And A Wide Selection Of Additional Banking Solutions

Stocks in this article: FISV

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that GBC International Bank selected the Precision ® bank platform and outsourced processing, along with a comprehensive selection of additional solutions, from Fiserv. The bank expects to leverage its new relationship with Fiserv to increase efficiencies while enhancing the selection of innovative products and services available to its customers. GBC International Bank cited the strong reputation of Fiserv and its capacity to help meet the bank’s profitability and growth objectives as key to its selection.

“GBC International Bank has consistently demonstrated strong financial performance by focusing on small business. Our goal is to continue that growth and profitability, despite an increasingly competitive financial environment,” said Richard Holmes, chief financial officer, GBC International Bank. “We are looking to Fiserv and the technological expertise they bring to the table to assist us in streamlining our technology infrastructure and finding new and more efficient ways to conduct our daily operations.”

Headquartered in Los Angeles, the $456 million bank is one of the leading export lender banks in the U.S. with a focus in commercial real estate and small business lending.

“GBC International Bank’s choice of Fiserv and the Precision bank platform supports the bank’s commercial banking focus and plans for continued growth,” said Teri Carstensen, president, Bank Solutions, Fiserv. “New products and advanced features, a streamlined technology environment and a strong relationship with a respected partner − these form a powerful combination to support the business models of successful financial institutions.”

Other Fiserv products and services selected by the bank include Business Analytics, the Prologue™ financial accounting suite, Accel™ payments network, Retail Online™ and Business Online™ for online banking, Business Process Manager for new account and process management, EnFact ® for debit fraud protection, CheckFree ® RXP ® and CheckFree ® Small Business for bill payment, Director™ for electronic content management, Integrated Teller for real-time customer and account information, WireXchange ® for wire transfers, and solutions for ATM and debit card processing.

Fiserv is the U.S. market leader in account processing services, and more than one-third of U.S. financial institutions rely on Fiserv for account processing solutions and expertise. Additionally, as the largest independent U.S. check processor, Fiserv handles 1 out of every 5 checks written. Fiserv was recently recognized as the top online and mobile bill payment processor by the Aite Group.

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