) launched its Central Source Capture solution. Using this
platform, banks and other financial institutions will be able to
take check images along with easing out and modernizing their
general check processing system.
This advanced Central Source Capture developed by Fiserv not
only caters to ameliorating the basic check processing functions
such as clearing, electronic cash lettering, capture etc. but also
integrates pervasively with core account processing, capture
applications and end-to-end image transfer solutions. Such features
make the entire system easier to operate and also reduce additional
expenses for the company.
Fiserv, cognizant of the diminishing use of checks in the world
today, however, ascribes complex and expensive check handling
systems to its waning popularity. Management believes that using
their advanced solution, not only will costs of check processing be
mitigated but it would also make the system less arcane and hence,
restore the use of checks incipiently.
Financial institutions need to cater to many important aspects
to bolster consumer satisfaction and to maintain industry standards
in today's world. Hence, Fiserv's advanced check processing
solution is ideally suited to free such banks of basic hassles such
as check clearing, processing etc. while they focus more on
ameliorating other core issues of their day to day operations. This
solution is likely to be quite momentous and help Fiserv retain its
formidable position for providing check processing solutions in the
However, the company should remain wary of its ominous rivals in
the industry. These include big players such as
Heartland Payment Systems
Official Payments Holdings Inc.
We currently have a long-term recommendation of 'Neutral' for
Fiserv's stock. In the short run, we have a Zacks #3 Rank for the
stock, which translates into a short-term rating of 'Hold'.
FISERV INC (FISV): Free Stock Analysis Report
HEARTLAND PAYMT (HPY): Free Stock Analysis
OFFICIAL PAYMNT (OPAY): Free Stock Analysis
VANTIV INC-A (VNTV): Free Stock Analysis Report
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