) recently announced that its digital payment platform, Acumen has
been selected by TruStone Financial Federal Credit Union for
upgrading its banking solution portals. Minnesota based TruStone
Financial with $739 million in assets has adopted Fiserv's account
processing solution given its advanced technology with flexible,
scalable and customized systems.
This integrated user-friendly solution by Fiserv would make
account balance checking, money transfer, bill payment services
easier, secured and more convenient for TruStone Financial. In
addition, the technologically advanced banking solution will also
seamlessly escalate TruStone Financial's operational efficiencies
and optimize its entire customer service experience
Fiserv's Acumen platform has been designed for companies who
would use it to ameliorate service standards and cater to growth
potentials in the market. Naseer Nasim, Senior Vice President,
Credit Union Solutions for Fiserv, expressed his ebullience on the
association by stating that the company's latest banking service
portal will not only cater to TruStone Financial's requirements but
also put another feather in the cap for Fiserv.
The company appears quite proactive in winning contracts of
late. On July 2, 2012, the company's complete outsourced banking
solution services and Premier bank platform have been adopted by
Capital Bank. This was done with the clear intent of ameliorating
the account process management system of the bank and augmenting
its client base geographically. We can be confident of such
contract wins as these may prove to be major growth drivers for
Fiserv's upcoming second quarter results of 2012.
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.
The current Zacks Consensus Estimates for Fiserv, Inc.
are $1.26 and $5.17 for the second quarter of 2012 and for
2012, respectively. The estimates represent year-over-year growth
of 11.41% for the second quarter and 12.98% for 2012. We currently
have a long-term recommendation of 'Neutral' for Fiserv. The stock
also bears a Zacks #2 Rank, which translates into a short-term
rating of 'Buy.
FIDELITY NAT IN (FIS): Free Stock Analysis
FISERV INC (FISV): Free Stock Analysis Report
TOTAL SYS SVC (TSS): Free Stock Analysis Report
VANTIV INC-A (VNTV): Free Stock Analysis Report
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