Waterford Bank Selects Technology Solutions From Fiserv

Published: 04-Nov-2009

To provide its primary customer base with various financial solutions

Waterford Bank, a commercial bank in Toledo, Ohio, has selected Premier bank platform from Fiserv. Fiserv said that the platform is scalable to accommodate continued growth and additional business-focused solutions will allow Waterford to differentiate and compete effectively.

Waterford Bank said that it chose Premier bank platform solution and outsourced account processing services from Fiserv to provide its primary customer base of small-and-medium sized businesses with the sophisticated financial solutions demanded by today’s marketplace.

To enhance its business banking capabilities, the bank will also deploy PayData.NET from Fiserv, a client server-based application that automates remittance and processing services, meeting all lockbox requirements. Waterford also selected a variety of value-added Fiserv services, including remote deposit capture, treasury management, online banking and bill pay, mobile banking and electronic document management.

Michael White, president and chief operating officer of Waterford Bank, said: “The bank’s growth plan demands the multifaceted management reporting and financial accounting provided by the Fiserv platform. 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.”

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