) declared that its sales automation and management service
platform, EnAct has been adopted by Central Bancshares. The
company will be engaged in optimizing the entire operational
procedure through offering the latest business strategy, besides
managing customer relationship system of Central Bancshares.
Based in Lexington, KY, Central Bancshares is the third
largest provider of a wide range of financial solutions in
central Kentucky. It mainly serves three community banks, various
insurance and investment brokerage subsidiaries. Central
Bancshares has an asset of $2 billion. Fiserv's EnAct service
will be implemented across Central Bancshares' each business unit
with a special focus on commercial, retail and wealth spaces.
The company's EnAct solution, powered by Microsoft's Dynamics
CRM portal, is mainly used to meet several CRM requirements. Now,
with this association Central Bancshares will be able to access
Fiesrv's solution to enhance its sales management services and
productivity. Moreover, the bank can easily augment its client
services as well as its cross-sales deploying the company's EnAct
In addition to this, Central Bancshares will be also using the
company's various other platforms such as Signature services for
banking solutions, Nautilus services, OpenNow/FundNow,
ACCEL/Exchange debit payments system and Bank Intelligence
The company expressed its enthusiasm regarding this venture by
stating that it will further strengthen Central Bancshares'
services. Fiserv's solution would help it ameliorate its client
service standards substantially.
Various strategic contract wins hold future pledge for Fiserv.
The company confirmed winning a bunch of contracts from various
financial institutions during 2012. Recently, Fiserv declared
that its Cash and Logistics Solutions portal has been adopted by
Geldservice Nederland B.V. (GSN). The company will be engaged in
enhancing the entire cash distribution channel through improving
its efficiency, accuracy and safety for three banks based in the
However, the company's financial segment faces tough
competition from various big companies including
Fidelity National Information Services, Inc.
). Mastercard recently entered into an agreement with C-SAM.
Hence, the company has to be extra cautious of competitive
strides in the industry.
The current Zacks Consensus Estimates for Fiserv, Inc. are
$1.42 and $5.17 for the fourth quarter of 2012 and for 2012,
respectively. The estimate for fourth quarter is a year-over-year
growth of 12.1% and 12.9% for 2012. We currently have a long-term
Neutral recommendation for Fiserv. The stock carries a Zacks #3
Rank, which translates into a short-term Hold rating.
FIDELITY NAT IN (FIS): Free Stock Analysis
FISERV INC (FISV): Free Stock Analysis Report
MASTERCARD INC (MA): Free Stock Analysis
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