) recently declared that its latest account processing portal,
Cleartouch has been adopted by six financial institutions. These
institutions have selected Fiserv's latest platform given its
highly developed technology along with flexible, scalable and
These financial organizations include Mansfield Bank, The Home
Building & Loan Company, Kennebec Federal Savings & Loan
Association, Magyar Bank, Webster City Federal Savings Bank and
Winchester Savings Bank. This association with Fiserv will help
these organizations deploy not only the company's Cleartouch
platform but also gain access to a range of Fiserv's various
service offerings such as AccountCreate for easy opening of online
account, AML Manager for risk management solutions, Financial Cards
required for card generation, Retail Online for online banking
solutions, Mobiliti for fast mobile banking and Popmoney for
user-friendly bill payment services.
Fiserv's management averred that its completely integrated
user-friendly solution would improve the account process management
and banking services of these institutions significantly and
augment its client base in future. In addition, this relationship
is also likely to improve Fiserv's expertise and business prospects
The company appears quite proactive in winning contracts of
late. On August 7, 2012, the company declared that Navy Army
Community Credit Union has selected its Source Capture Solutions
platform. These associations are likely to be major growth drivers
for the company going forward.
However, even with such moves, it is always wise for Fiserv to
be extra cautious of competitive strides in the industry. The
company's primary competitors comprise big players such as
Fidelity National Information Services, Inc.
Total System Services, Inc.
). Moreover, Fiserv faces an ongoing threat from billers and
self-sufficient financial institutions that develop and use their
own electronic payment transactions and Internet banking
The current Zacks Consensus Estimates for Fiserv, Inc. are $1.27
and $5.18 for the third quarter of 2012 and for 2012, respectively.
The estimates represent a year-over-year growth of 9.82% for the
third quarter and 13.06% for 2012. We currently have a long-term
'Neutral' recommendation for Fiserv. The stock also bears a Zacks
#3 Rank, which translates into a short-term rating of 'Hold'.
FIDELITY NAT IN (FIS): Free Stock Analysis
FISERV INC (FISV): Free Stock Analysis Report
MASTERCARD INC (MA): Free Stock Analysis Report
TOTAL SYS SVC (TSS): Free Stock Analysis Report
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