• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Commercial Bank in Ohio Signs On with Fiserv

    November 10, 2009 Alex Woodie

    Waterford Bank NA, a fast-growing commercial bank based in Toledo, Ohio, is using the Premier core banking system from Fiserv, the vendor announced last week. Like many Fiserv customers, Waterford outsources management of the application and underlying servers to Fiserv and its extensive network of data centers. The bank also uses several add-on solutions that allow it to offer a full range of financial services to customers.

    Founded just two years ago, Waterford Bank has impressed onlookers with explosive growth that has culminated with nearly $200 million in deposits, despite the recession. The bank attributes its rapid growth to a business plan that involves delivering big-bank services to small and medium-size businesses. The scalable Premier platform may have also had something to do with it.

    In addition to the core processing capabilities of Premier, which runs on i OS and Unisys Clearpath mainframes, Waterford uses several other Fiserv products and services, including automated remittance and processing services; remote deposit capture; treasury management; positive pay and ACH services; wire transfers; online banking and bill pay; mobile banking; electronic document management; and customized statements.

    Waterford president and COO Michael White describes the offering from Fiserv as a “responsive, full-bodied system.” “We need a technology partner that understands what banking is going to look like five years from now–one that meets our needs today and in the future. Fiserv is that partner,” he says.

    Premier is one of several core banking systems offered by Fiserv, and one of two systems that run on i OS-based Power Systems servers. The software used to be offered through a Fiserv subsidiary called ITI, but it’s now sold directly through the parent company following a strategic re-alignment that Fiserv undertook in February, which the Brookfield, Wisconsin, company calls “Fiserv 2.0.”

    RELATED STORIES

    Bank of Utah Saves with iSeries, ITI

    Massachusetts Credit Union Picks OS/400 Solution from Fiserv Subsidiary

    The iSeries and the Right App Deal a Blow to Unisys

    Fiserv Unit Ships New OS/400 Application for Credit Card Programs

    Dominican’s Largest Bank Chooses Vision Solutions for ICBS Implementation



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags:

    Sponsored by
    Rocket Software

    Two Steps Forward, No Steps Back

    For over 35 years, Rocket Software’s solutions have empowered businesses to modernize their infrastructure, unlock data value, and drive transformation – all while ensuring modernization without disruption.

    LEARN MORE

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Sponsored Links

    Vision Solutions:  Free software for measuring overall i5/OS system health
    Profound Logic Software:  FREE Webinar, Nov 17. Learn how to easily build and extend i apps
    Manta Technologies:  Your complete source for IBM i training

    IT Jungle Store Top Book Picks

    Easy Steps to Internet Programming for AS/400, iSeries, and System i: List Price, $49.95
    The iSeries Express Web Implementer's Guide: List Price, $49.95
    The System i RPG & RPG IV Tutorial and Lab Exercises: List Price, $59.95
    The System i Pocket RPG & RPG IV Guide: List Price, $69.95
    The iSeries Pocket Database Guide: List Price, $59.00
    The iSeries Pocket SQL Guide: List Price, $59.00
    The iSeries Pocket Query Guide: List Price, $49.00
    The iSeries Pocket WebFacing Primer: List Price, $39.00
    Migrating to WebSphere Express for iSeries: List Price, $49.00
    Getting Started With WebSphere Development Studio Client for iSeries: List Price, $89.00
    Getting Started with WebSphere Express for iSeries: List Price, $49.00
    Can the AS/400 Survive IBM?: List Price, $49.00
    Chip Wars: List Price, $29.95

    Yet Another Tech Insider Trading Scandal in New York Enable Row Set Paging in a Client/Server Environment Using SQL

    Leave a Reply Cancel reply

Volume 9, Number 41 -- November 10, 2009
THIS ISSUE SPONSORED BY:

Infor
Bytware
Maximum Availability
Profound Logic Software
Twin Data

Table of Contents

  • RevSoft Overhauls Server Operations Suite with .NET Interface
  • Infor Attacks SAP and Oracle in ‘Down With Big ERP’ Campaign
  • Aldon Brings RPG and PHP Development Closer
  • unERP: The Pinnacle of ERP Simplicity for System i
  • Attachmate Begins Delivery of New MFT Tool
  • Pagos Enables Real-Time Spreadsheet Sharing
  • Surround Tech Touts Silverlight Deployment for Web Portal
  • Commercial Bank in Ohio Signs On with Fiserv
  • Rocket Gets Windows 7 Cert for BlueZone Emulator
  • UC4 Software Delivers Graphical View of Job Flows

Content archive

  • The Four Hundred
  • Four Hundred Stuff
  • Four Hundred Guru

Recent Posts

  • Liam Allan Shares What’s Coming Next With Code For IBM i
  • From Stable To Scalable: Visual LANSA 16 Powers IBM i Growth – Launching July 8
  • VS Code Will Be The Heart Of The Modern IBM i Platform
  • The AS/400: A 37-Year-Old Dog That Loves To Learn New Tricks
  • IBM i PTF Guide, Volume 27, Number 25
  • Meet The Next Gen Of IBMers Helping To Build IBM i
  • Looks Like IBM Is Building A Linux-Like PASE For IBM i After All
  • Will Independent IBM i Clouds Survive PowerVS?
  • Now, IBM Is Jacking Up Hardware Maintenance Prices
  • IBM i PTF Guide, Volume 27, Number 24

Subscribe

To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

Pages

  • About Us
  • Contact
  • Contributors
  • Four Hundred Monitor
  • IBM i PTF Guide
  • Media Kit
  • Subscribe

Search

Copyright © 2025 IT Jungle