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| RemitStream Solutions |
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Fiserv, Inc. |
| 350 North Orleans, 8th Fl. |
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255 Fiserv Drive |
| Chicago, Illinois 60654 |
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Brookfield, WI 53045 |
| CONTACT: |
Joseph J. Mikel |
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Relationship Management & Business Development |
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(312) 660-5185 |
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| CONTACT: |
Lori Stafford |
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Assistant Vice President, External Comm. |
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(262) 879-5230 |
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REMITSTREAM SOLUTIONS CONTINUED TO GROW IN 2006, PREDICTS MORE EXPANSION IN 2007
BROOKFIELD, Wis.--March 9, 2007-- RemitStream Solutions, a business unit of Fiserv, Inc. (NASDAQ:FISV), reported a successful 2006, including the addition of 15 new financial institution clients, the opening of a new site in Miami, Fla., and a number of product enhancements and operational improvements.
Among RemitStream Solutions' enhancements and upgrades were:
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Same-day e-mails of daily activity reports to customers of financial institutions
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The increased integration of its processing platform through an upgrade in Walnut, California
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An enhanced Home page on RemitStream Solutions' online lockbox reporting application
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A new use for its customized online search capability
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Online access to any combination of a customer's lockboxes or choice of the applications' features
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RemitStream Solutions closed 2006 with 65 financial institution clients. In December, RemitStream Solutions opened its Miami, Florida, site, and has already generated significant client interest in the site's wholesale lockbox solutions.
"We attribute our strong 2006 performance to the addition of our Miami site as well as our ability to provide customer-focused lockbox solutions," said Anna Quinlan, RemitStream Solutions president. "And we're especially grateful to our customers for their support. We believe 2007 will be another year of expansion for our company, and we look forward to continuing to provide 99.9 percent accuracy on our major production measures."
About RemitStream Solutions
RemitStream Solutions, on the Web at www.remitstream.com, provides financial institutions with multi-site, quick-to-market lockbox processing solutions with no capital expenditures. Headquartered in Chicago, RemitStream Solutions' offers wholesale, wholetail, retail, and image lockbox services that employ the latest image processing technology. Businesses receiving payments through the mail receive same-day access to document images via the Internet, image transmissions or CD-ROMs. RemitStream Solutions is a private-label processor dedicated solely to lockbox processing.
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.
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