Lake Mary, Fla., April 3, 2007 - Fiserv CBS Worldwide has announced that it has brought five financial institutions live in the past twelve months in Latin America and the Caribbean on its ICBS core banking solution. These institutions include Caja Popular Mexicana (CPM), CoopDesarrollo, Banco Ahorro Famsa and two additional Caribbean institutions. CPM is Mexico’s largest credit union, CoopDesarrollo is the sixth largest credit union in Mexico and Famsa is one of Mexico’s largest retailers, which this year obtained a Mexican banking license.
In addition to this success, clients in the Latin America, Caribbean and Canada (LACC) business unit gave Fiserv high marks in customer satisfaction for the tenth consecutive year. In its annual survey, 100 percent of Fiserv CBS Worldwide’s LACC banking clients who responded to the question, said they would recommend Fiserv.
Dan Alf, managing director of LACC for Fiserv CBS Worldwide, said, “This builds on Fiserv’s tradition of success and reinforces our reputation as a partner who consistently delivers. There is not another vendor in our region that can claim five ‘go lives’ over the last 12 months. Our track record of successful installations, client satisfaction and recognition in the industry proves Fiserv’s commitment to the region and supports our expansion plans to make our clients best-in-class.”
In addition to LACC achievements in 2006, Fiserv CBS Worldwide’s parent company, Fiserv, Inc.(NASDAQ: FISV), enhanced the business unit’s success with its third consecutive top ranking in the FinTech 100, as well as its first appearance on the highly-regarded Fortune 500. Fiserv, Inc. was also named a JP Morgan Chase Supplier of the Year.
Fiserv ICBS is a complete solution for retail banking, consumer finance organizations and credit unions. “Robust, scalable and reliable, Fiserv ICBS supports all products and processes with its thorough functionality and straight through processing. Fiserv ICBS seamlessly integrates with other Fiserv products as well as third party solutions,” said Mr. Alf.
About Fiserv CBS Worldwide
Fiserv CBS Worldwide is a unit of Fiserv Inc. (NASDAQ: FISV), a Fortune 500 company that serves more than 18,000 clients in 66 countries around the world. Fiserv CBS Worldwide delivers end-to-end business and technology solutions for retail financial organizations, consumer finance institutions and credit unions throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada and the United States. Through its offices in the USA, UK, Poland, Russia, Singapore, Australia, China, Indonesia, Colombia, Costa Rica and Mexico, Fiserv CBS Worldwide enables financial institutions globally to deliver integrated solutions for managing the entire customer relationship from core banking to multi-channel customer contact and business intelligence. Fiserv CBS Worldwide can be found on the Internet at www.fiservcbs.com.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 18,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Headquartered in Brookfield, Wis., Fiserv reported more than $4.5 billion in total revenue for 2006. For more information, please visit www.fiserv.com.
