Financial Institutions Add Capabilities for Small Business Clients with Merchant Solutions from Fiserv
February 05 2020 - 8:30AM
Business Wire
First Foundation Bank and Central Missouri
Community Credit Union are among the financial institutions adding
a merchant solutions offering to their portfolio
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of
financial services technology solutions, today announced that more
than 50 financial institutions that utilize a Fiserv core
processing platform added merchant solutions to their portfolio
between the late July combination of Fiserv and First Data and the
end of 2019.
Pairing a merchant offering alongside core technology from
Fiserv allows banks and credit unions to better identify business
banking opportunities, enable digital enrollment for merchant
solutions, and deliver differentiated value to small and mid-sized
businesses through the could-based Clover® platform from First
Data, now Fiserv.
First Foundation Bank, which has 20 locations across California,
Nevada and Hawaii, launched its merchant services program with
Fiserv in October of 2019.
“Our new offering is helping us attract small business merchant
customers, enabling them to create a merchant account in minutes,
and giving us the opportunity to digitally market additional
services to them,” said Tracy Miller, Senior Vice President,
Director of Depository Services at First Foundation Bank. “The
customer service Fiserv is providing our branch managers and
merchant customers has been excellent. They have gone above and
beyond.”
Central Missouri Community Credit Union, a Fiserv core
processing client for more than 30 years, has also added merchant
solutions.
“Adding merchant solutions from Fiserv will enable us to offer
significant new value to our members who own and operate small
businesses in our community,” said Carol White, Chief Executive
Officer, Central Missouri Community Credit Union. “Payment
acceptance is the lifeblood of small businesses, and we look
forward to partnering with those small business owners in their
future success.”
Fiserv completed its acquisition of First Data on July 29, 2019.
The combination of the two companies built an offering of
end-to-end solutions spanning the value chain of payments,
including four benefits for financial institutions that are unique
in the industry:
- Merchant Opportunity Analysis – Financial institutions
are able to pull data from their core processing platforms to
identify small business customers who are accepting debit and
credit card payments
- Digital Merchant Enrollment – An integrated merchant
services enrollment portal that sits within the financial
institution’s website gives website visitors the ability to create
a merchant account through their bank or credit union in less than
five minutes
- Access to Clover – Financial institutions can offer the
market-leading cloud-based point-of-sale platform to small and
mid-sized businesses
- Integration with Core and Digital Banking Solutions –
Merchant customers can see their business’ real-time payment data
within their cash flow management dashboard
In a world moving faster than ever before, Fiserv helps clients
deliver solutions in step with the way people live and work today –
financial services at the speed of life. Learn more at
fiserv.com.
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
FORTUNE World’s Most Admired Companies®. Visit fiserv.com and
follow on social media for more information and the latest company
news.
FISV-G
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version on businesswire.com: https://www.businesswire.com/news/home/20200205005381/en/
Media Relations: Chase Wallace Director, Communications
Fiserv, Inc. 404-890-2132 chase.wallace@fiserv.com
Additional Contact: Ann Cave Director, External
Communications Fiserv, Inc. 678-325-9435 ann.cave@fiserv.com
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