Velocity Credit Union Moves to a Fiserv Foundation to Enable Enhanced Digital Experiences and Small Business Services
September 19 2019 - 8:30AM
Business Wire
Credit union will leverage core account
processing platform and multiple integrated solutions from Fiserv
to expand its commercial business and increase efficiency
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of
financial services technology solutions, announced today that
Velocity Credit Union, based in Austin, Texas, has selected Fiserv
as a key technology provider as the credit union diversifies into
business services and automates processes.
Velocity Credit Union has a long history of serving the greater
Austin area. In recent years, the credit union has focused its
strategic efforts on enhancing services for small businesses and
creating a better digital experience for members. The credit union
chose DNA® from Fiserv to improve loan servicing capabilities for
business and real estate, and to facilitate the integration of
third-party solutions through the platform’s open architecture.
“To remain competitive, we must offer the best possible digital
services to business accounts and individual members,” said Debbie
Mitchell, president and CEO, Velocity Credit Union. “Faster
integration of the latest market innovations, which is possible
with an open architecture platform like DNA, means we can quickly
deliver the latest services to members. This helps us stand out and
shows the business community and our members that we are invested
in them.”
DNA is a modern core account processing platform that provides
powerful, built-in commercial servicing capabilities to support
business account growth. The platform’s open architecture makes it
easier for financial institutions to integrate other solutions,
bring products and services online quickly, and add new
capabilities using downloadable DNAapps™.
As part of their technology transformation, the credit union
also added several integrated solutions from Fiserv including
general ledger, item processing and enterprise payments.
“Growth oriented credit unions are increasingly focused on
improving offerings for small businesses and entrepreneurial
members, in no small part because these areas drive growth and
retention across the member base” said Vincent Brennan, president,
Credit Union Solutions, Fiserv. “We are looking forward to working
with Velocity as it creates value for its members and community
with the premier retail and commercial functionality of DNA.”
In a world that is moving faster than ever before, Fiserv helps
clients deliver solutions that are in step with the way people live
and work today – financial services at the speed of life. Learn
more at fiserv.com.
Additional Resources:
- Credit Union Solutions from Fiserv -
fisv.co/FiservCreditUnionSolutions
- DNA from Fiserv - fisv.co/DNA
About Velocity Credit Union
Chartered in 1947 to serve City of Austin employees, Velocity
Credit Union is now open to anyone who lives or works in the
five-county area (Travis, Hays, Williamson, Bastrop and Caldwell).
The credit union prides itself on being active in the Austin area
community with support for city sponsored events and non-profit
organizations whose goal is to help local members, children, pets
and veterans. They are also a proud supporter of the Austin Theatre
Alliance and a long-time corporate sponsor of the historic
Paramount theatre. Today, Velocity is one of the largest and
strongest credit unions in the state of Texas with over $840
million in assets and more than 88,000 members.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and
information in a way that moves the world. As a global leader in
payments and financial technology, the company helps clients
achieve best-in-class results through a commitment to innovation
and excellence in areas including account processing and digital
banking solutions; card issuer processing and network services;
payments; e-commerce; merchant acquiring and processing; and the
Clover™ cloud-based point-of-sale solution. Fiserv is a member of
the S&P 500® Index and the FORTUNE® 500, and is among the
FORTUNE Magazine World’s Most Admired Companies®. Visit fiserv.com
and follow on social media for more information and the latest
company news.
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version on businesswire.com: https://www.businesswire.com/news/home/20190919005237/en/
Media Relations: Marcus Hardy Manager, Public Relations
Fiserv, Inc. 801-823-5534 marcus.hardy@fiserv.com
Additional Contact: Ann Cave Director, Public Relations
Fiserv, Inc. 678-325-9435 ann.cave@fiserv.com
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