• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Fiserv Expands Footprint in Banks That Use IBM i

    November 5, 2013 Alex Woodie

    Fiserv doesn’t often advertise it, but it is a big driver of IBM servers with a pair of core banking applications, Signature and Premier, that run on the IBM i OS. Lately, the Brookfield, Wisconsin, software company has been selling lots of add-on solutions to these IBM i customers.

    In September, Fiserv announced that The First National Bank of Long Island implemented its Common Origination Platform to help price and write consumer, business, and mortgage lending needs. FNBLI has run the Signature application on IBM midrange gear since 1987, and will begin using the Common Origination Platform in application service provider (ASP) mode.

    In addition to Signature and the lending system, FNBLI runs a host of other Fiserv apps, including CheckFree bill payment, ConvergeIT, Risk Office, UChoose Rewards, Debit Processing, PEP+ and the Accel payments network.

    In October, another Signature customer, Old National Bank, expanded its Fiserv footprint when it added Asperio to the mix. Asperio is a suite of software designed to help banks manage customer interactions by ensuring that other banking applications are well integrated and use consistent processes. The bank, which has $9.6 billion in assets and serves Kentucky, Illinois, and Indiana, also implemented Fiserv’s teller solutions.

    “From an IT perspective, our key strategy is to simplify our environment,” Old National Bank’s CIO John Kamin said. “During our decision-making process, the question quickly became ‘why wouldn’t we use Fiserv.'” Apparently it hasn’t had a hard time answering that question, because in addition to Signature, Asperio, and the teller solution, Old National bank also uses Fiserv’s CheckFree bill payment, AML Manager, Fraud Risk Manager, and as card production services.

    Continuing the old banking theme, Fiserv announced that another Signature customer, Old Point National Bank, has adopted the Common Origination Platform to help it write loans. The $840-million, Virginia-based bank will use rely on Fiserv to deliver the loan writing functionality through its ASP model. In addition to these two offerings, Old Point National Bank uses the Nautilus content management system and EnAct enterprise sales management system.

    The add-on selling process has been working well for Fiserv, which last week announced third quarter revenues of $1.2 billion, an increase of $90 million from the same quarter last year. GAAP earnings per share from continuing operations in the third quarter was $1.22, up from $1.03 last year.

    The company specifically called out its Mobiliti, Popmoney, electronic bill payment, and DNA account processing solutions as big drivers for the quarter. “Results for the quarter were solid across the board and in-line with our performance expectations for the full year,” said Jeffery Yabuki, president and CEO of Fiserv. The company’s stock was down slightly for the week.

    RELATED STORIES

    Fiserv Updates Banking App

    Fiserv Benchmarks i/OS Financial App at Rochester Lab

    Fiserv 2.0 Banks on the Reliability of Power Systems

    Bank of Utah Saves with iSeries, ITI



                         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
    WorksRight Software

    Do you need area code information?
    Do you need ZIP Code information?
    Do you need ZIP+4 information?
    Do you need city name information?
    Do you need county information?
    Do you need a nearest dealer locator system?

    We can HELP! We have affordable AS/400 software and data to do all of the above. Whether you need a simple city name retrieval system or a sophisticated CASS postal coding system, we have it for you!

    The ZIP/CITY system is based on 5-digit ZIP Codes. You can retrieve city names, state names, county names, area codes, time zones, latitude, longitude, and more just by knowing the ZIP Code. We supply information on all the latest area code changes. A nearest dealer locator function is also included. ZIP/CITY includes software, data, monthly updates, and unlimited support. The cost is $495 per year.

    PER/ZIP4 is a sophisticated CASS certified postal coding system for assigning ZIP Codes, ZIP+4, carrier route, and delivery point codes. PER/ZIP4 also provides county names and FIPS codes. PER/ZIP4 can be used interactively, in batch, and with callable programs. PER/ZIP4 includes software, data, monthly updates, and unlimited support. The cost is $3,900 for the first year, and $1,950 for renewal.

    Just call us and we’ll arrange for 30 days FREE use of either ZIP/CITY or PER/ZIP4.

    WorksRight Software, Inc.
    Phone: 601-856-8337
    Fax: 601-856-9432
    Email: software@worksright.com
    Website: www.worksright.com

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Sponsored Links

    Essextec:  Quick Security Check to analyze the 500 most vulnerable data points on your IBM i
    Bug Busters Software Engineering:  RSF-HA keeps you going while it saves you a bundle
    Secure Infrastructure & Services:  FREE white paper: "9 Reasons IBM Sees a Shift to the Cloud"

    More IT Jungle Resources:

    System i PTF Guide: Weekly PTF Updates
    IBM i Events Calendar: National Conferences, Local Events, and Webinars
    Breaking News: News Hot Off The Press
    TPM @ EnterpriseTech: High Performance Computing Industry News From ITJ EIC Timothy Prickett Morgan

    IBM Cuts Storwize Array Disk And SSD Prices Allow Repeated Change With Before Triggers

    Leave a Reply Cancel reply

Volume 13, Number 32 -- November 5, 2013
THIS ISSUE SPONSORED BY:

Databorough
Maxava
SEA - Software Engineering of America
TECA Data
Shield Advanced Solutions

Table of Contents

  • Profound UI’s Rich New Language Options
  • Presto Change-O: BCD Unveils New Modernization Tricks
  • iAdvocacy Resources On Demand
  • SkyVault to Go Active in Early 2014, Infor Says
  • Halcyon’s Extends SLA Tracking Tool to AIX and Linux
  • Magic Conjures Up an In-Memory Data Grid
  • HiT Certifies DBMoto for Google Cloud
  • ASTI Buys UDO Distribution Business of Verbatim
  • Fiserv Expands Footprint in Banks That Use IBM i
  • Mobile Apps Get More Native-Like with Sencha Touch Update

Content archive

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

Recent Posts

  • Big Blue Raises IBM i License Transfer Fees, Other Prices
  • Keep The IBM i Youth Movement Going With More Training, Better Tools
  • Remain Begins Migrating DevOps Tools To VS Code
  • IBM Readies LTO-10 Tape Drives And Libraries
  • IBM i PTF Guide, Volume 27, Number 23
  • SEU’s Fate, An IBM i V8, And The Odds Of A Power13
  • Tandberg Bankruptcy Leaves A Hole In IBM Power Storage
  • RPG Code Generation And The Agentic Future Of IBM i
  • A Bunch Of IBM i-Power Systems Things To Be Aware Of
  • IBM i PTF Guide, Volume 27, Numbers 21 And 22

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