Another Bank Chooses Fiserv - Analyst Blog


Recently announced, Fiserv, Inc. ( FISV) was chosen by Magyar Bank for its Cleartouch platform solution in a multi-product contract. These wide arrays of products are targeted to ameliorate process management at the bank, thereby directly catering to its customer satisfaction.

Till now, Magyar Bank had been utilizing the company's CheckFree RXP solutions for bill payment and transactions. With this agreement, the bank shall deploy not only Fiserv's Cleartouch platform but add a variety of products including Director for electronic content management, Branch Source Capture, Merchant Source Capture, AML Manager, Fiserv Clearing Network, Relationship Pricing, eStatements and item processing services.

Fiserv's technologically advanced solutions shall provide for pervasive document management, risk management, quick online statements, relationship management and item processing. Not only will these help in reducing time lags in the bank's interior management but also bolster improved and more efficient product solutions for its valued clientele.

In recent times, it is imperative that every organization pays heed to its customers' changing tastes and preferences so that they are assured of receiving state-of-the-art services along with the regular product offerings. This not only improves the organization's repute but allows for market share proliferation too.

Fiserv's renowned goodwill and existing relationship with Magyar Bank count a great deal in winning such a prestigious contract. Management expressed its ebullience on the occasion by stating that it appreciates the need to innovate product offerings for the benefit of its clients and considers itself capable of delivering the goods quite efficiently.

However, the company should not be complacent of such contract wins as ominous rivals are prevalent in the industry it pertains to. Big players in this regard include Heartland Payment Systems, Inc. ( HPY ), Equifax Inc. ( EFX ) and Lender Processing Services, Inc. ( LPS ).

We currently have a long-term recommendation of 'Neutral' for Fiserv. In the short run, we have a Zacks #3 Rank for the stock, which translates into a short-term rating of 'Hold'. 

EQUIFAX INC (EFX): Free Stock Analysis Report
FISERV INC (FISV): Free Stock Analysis Report

HEARTLAND PAYMT (HPY): Free Stock Analysis Report
LENDER PROC SVC (LPS): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: EFX , FISV , HPY , LPS

More from

Related Videos

A Big Thrill
A Big Thrill                        
Living Your Life Fully
Living Your Life Fully              




Most Active by Volume

  • $16.01 ▲ 1.27%
  • $129.09 ▲ 0.49%
  • $30.19 ▲ 2.30%
  • $6.37 ▼ 3.92%
  • $7.85 ▼ 7.65%
  • $26.11 ▲ 0.46%
  • $24.65 ▼ 0.64%
  • $43.88 ▲ 0.07%
As of 3/2/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by