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Carol Cowan
VP, Global Marketing & Product Management
Fiserv CBS Worldwide
Tel: +1 407 514 1146
Fax: +1 407 531 1504
carol.cowan@fiserv.com

Fiserv CBS Worldwide Signs Allstate Bank

November 07, 2006
 

Brookfield, WI


Fiserv CBS Worldwide, a unit of Fiserv, Inc. (NASDAQ:FISV), continues success in the large bank market space with the announcement that Allstate Bank, an affiliate of an insurance industry leader, Allstate Insurance Company headquartered in Illinois, has signed an outsourcing agreement with Fiserv CBS Worldwide for core account processing.

In addition to the Fiserv CBS core solution, Allstate Bank will use CBS Communicator, Fiserv’s industry leading XML-based middleware, to integrate multiple third party applications as well as a proprietary front-end solution for boarding new accounts. Allstate Bank will also be transitioning their Item Processing, Lockbox and Document Solution services to Fiserv.

Allstate Bank has already begun their conversion efforts, and plans to be fully integrated by next summer.

About Fiserv CBS Worldwide

Fiserv CBS Worldwide is a unit of Fiserv, Inc. (Nasdaq:FISV). 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 almost 300 financial institutions to deliver integrated solutions for managing the entire customer lifecycle from core banking to multi-channel customer contact and data warehousing. 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 health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing, software and systems solutions. The company serves more than 17,000 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 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management, and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com.