) declared that its Source Capture Solutions has been adopted by
Navy Army Community Credit Union. This was done with the clear
intent of ameliorating Navy Army's total check deposit process
along with providing better service to its customers.
Previously, Navy Army had been utilizing the company's wide
range of banking solution services which include DataSafe required
for core account processing, CheckFree RXP for an improved online
bill payment procedure, LynxGate for better ATM management and
Virtuoso, a premier platform for online banking solutions. Now,
with this association, Navy Army will also utilize the company's
Branch Source Capture, ATM Source Capture, the Fiserv Clearing
Network, mobile capture and item processing services.
This integrated user-friendly solution by Fiserv would make
check deposit system easier, more secure and risk free for Navy
Army. In addition, the technologically advanced solution will also
seamlessly minimize the transaction cost associated with the
deposit process and optimize its entire customer service experience
substantially. Gary Brand, the director of Source Capture Solutions
for Fiserv, who was highly optimistic about the association, stated
that the company's latest banking service portal is expected to
enhance Navy Army's whole retail banking portal significantly.
The company's continuous contract win is likely to have a
positive impact on its business. On August 2, 2012, the company
declared that BridgePortfolio, Inc., a Chicago-based Back Office
Outsource Provider has extended its agreement with the company for
five-years to deploy its Portfolio Management and Trading solutions
platform. The company through its improved service offerings will
provide updated wealth management solutions to BridgePortfolio.
However, it is always wise for Fiserv to be extra cautious of
competitive strides in the industry. Formidable players to take
note of in this regard include
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
recommendation of 'Neutral' for Fiserv. The stock also bears a
Zacks #3 Rank, which translates into a short-term rating of
FIDELITY NAT IN (FIS): Free Stock Analysis
FISERV INC (FISV): Free Stock Analysis Report
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