) was selected, primarily for its Acumen solution by SAC Federal
Credit Union (FCU). This was done with the clear intent of
developing an improved technological platform for the credit
union's information infrastructure.
Fiserv's Acumen platform has been designed for companies who
would use it to escalate service standards and cater to growth
potentials in the market. This shall now not only ensure optimum
efficiency levels at the largest credit union of Nebraska but also
cater for increased flexibility for integration of new products and
provide improved services for its existing customers.
Apart from the Acumen platform, Fiserv shall provide a few other
services which include Nautilus, Prologue Financial Accounting
Services, AML Manager, WireXchange etc. These shall bolster
document image capture, accounting, anti-money laundering along
with ATM processing services for the credit union.
As SAC FCU makes amends towards achieving long-term targets and
market expansion strategies, these technologically sound and
advanced solutions shall only boost its efforts to meet these goals
faster. While the contract adds another feather to the cap for
Fiserv, we can be hopeful of the credit union's prospects of
achieving a niche position in future with this venture and its
aggressive growth strategies.
Fiserv currently expects an annual adjusted revenue growth rate
of 4% - 6% for 2012. Along with this, it projects adjusted earnings
per share (EPS) to range from $5.04 - $5.20 for the full year. With
the current trend of advancements, it appears lucid that the
company will achieve its annual targets with ease.
However, it is always wise to be extra cautious of competitive
strides in the industry. Formidable players to take note of in this
Heartland Payment Systems Inc.
Official Payment Holdings Inc.
At present we have a 'Neutral' recommendation on Fiserv. The
stock carries a Zacks #3 Rank, 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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