) recently declared that Animas Credit Union has adopted its
account processing solution platform, XP2 and other wide range of
its digital solution services. Farmington, N.M. based Animas with
$128 million in assets has chosen the company's XP2 solutions given
its highly developed account managing system and commercial lending
capacity along with its efficient, flexible, scalable and
Backed by Microsoft .NET and IBM DB2 relational database, the
customized XP2 account processing service offered by Fiserv shall
provide absolute state-of-the-art solutions to Animas for improving
its efficacy along with optimizing its entire customer service
experience substantially. In addition, this association with Fiserv
will help this institution deploy not only the company's XP2
platform but also gain access to Fiserv's several other service
offerings including Mobiliti for fast mobile banking, Virtual
Branch needed for home banking and online transaction, ConvergeIT:
IVR required for voice recognition and Wisdom: Accounting for
financial management solutions.
Fiserv's XP2 platform has been designed for the financial
institutions, which would use it to ameliorate its service
standards and cater to growth potentials in the market. Fiserv's
management expressed its ebullience on the association by stating
that the company's advanced banking service portal will not only
cater to Animas' requirements but also put another feather in the
cap of Fiserv.
The company appears quite proactive in winning contracts of
late. On August 21, 2012, the company declared that its latest
account processing portal, Cleartouch, has been adopted by six
financial institutions. 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
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