Horizon Community Credit Union Selects Fidelity Information Services' Mercury Core Processing Solution
June 22 2005 - 9:46AM
PR Newswire (US)
Horizon Community Credit Union Selects Fidelity Information
Services' Mercury Core Processing Solution Windows(R)-based
Platform Complete With Integrated Collections and eBanking
Capabilities Positions Credit Union to Expand Member Relationships
JACKSONVILLE, Fla., June 22 /PRNewswire-FirstCall/ -- Fidelity
National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of
products and outsourced services and solutions to financial
institutions and the real estate industry, and its Fidelity
Information Services ("Fidelity") division today announced a
five-year agreement with Green Bay, Wisconsin-based Horizon
Community Credit Union ("Horizon") to deliver comprehensive
information technology solutions -- encompassing Core Processing,
Internet Banking, Interactive Voice Response and Integrated
Collections Management. Chartered in 1932 as the credit union for
Proctor & Gamble employees -- now with more than $35 million in
assets -- Horizon will leverage Fidelity's comprehensive
information technology solutions to fully support the institutions'
rapid growth and offer a wider array of more personalized services
to its nearly 4,500 member base. "Our member-focused business
approach required that we seek out a newer and much more powerful
technology platform complete with the comprehensive Internet and
telephone banking capabilities needed to competitively distinguish
our credit union and fully serve our members," said Patrick G.
Josephson, Horizon Community Credit Union president and CEO. "We
also knew we needed the help of a partner that could prove they had
the business knowledge and market understanding it would take to
ensure our success. When our analysis was done, Fidelity was
clearly superior to its competitors in terms of not only its
technology innovation and industry knowledge but also in the number
and quality of client references that served to validate our
decision to purchase Mercury." Fidelity's Mercury is a
Windows(R)-complete system -- or one that adheres to standards
established by Microsoft(R) -- and is designed specifically to meet
the needs of mid-tier credit unions with a goal of establishing
highly personalized, member-centric relationships. In addition to
Mercury, Horizon will leverage a number of additional capabilities
from Fidelity, including its SmartCollector(TM) collections
management solution, Home Banking and Interactive Voice Response
systems. A nationwide ATM network, eStatements and Business Banking
are among the additional capabilities integral to Mercury, many of
which Horizon plans to implement in the future. "Like Horizon, many
growth-oriented credit unions are looking for an integrated and
proven solutions approach -- more often than not from a single
provider -- that equips them to effectively and easily improve
their member relationships and, ultimately, their business
performance," stated Santo Cannone, senior vice president of
Fidelity's Integrated Financial Solutions division and executive in
charge of the company's credit union business. "By selecting
Fidelity as its outsourcing partner, Horizon can now devote
critical energy to serving the needs of its rapidly growing market
while we focus on delivering the integrated solutions and
management resources required to optimize both its service
portfolio and its member relationships." About Fidelity National
Financial Fidelity National Financial, Inc., number 261 on the
Fortune 500, is a provider of products and outsourced services and
solutions to financial institutions and the real estate industry.
FNF is the nation's largest title insurance company, with nearly 31
percent national market share, and is also a provider of other
specialty insurance products, including flood insurance, homeowners
insurance and home warranty insurance. Through its majority-owned
subsidiary Fidelity National Information Services, Inc. ("FIS"),
the Company is a leading provider of technology solutions,
processing services and information services to the financial
services and real estate industries. FIS' software processes nearly
50 percent of all U.S. residential mortgages, it has processing and
technology relationships with 45 of the top 50 U.S. banks and more
than 2,800 small and mid-sized U.S. financial institutions and it
has clients in more than 50 countries who rely on its processing
and outsourcing products and services. FIS also provides customized
business process outsourcing related to aspects of the origination
and management of mortgage loans to national lenders and servicers.
FIS offers information services, including property data and real
estate-related services that are used by lenders, mortgage
investors and real estate professionals to complete residential
real estate transactions throughout the U.S. More information about
the FNF family of companies can be found at http://www.fnf.com/ and
http://www.fidelityinfoservices.com/ . This press release contains
statements related to future events and expectations and, as such,
constitutes forward-looking statements. These forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause actual results, performance or
achievements of the Company to be different from those expressed or
implied above. The Company expressly disclaims any duty to update
or revise forward- looking statements. The risks and uncertainties
which forward-looking statements are subject to include, but are
not limited to, the effect of governmental regulations, the
economy, competition and other risks detailed from time to time in
the "Management's Discussion and Analysis" section of the Company's
Form 10-K and other reports and filings with the Securities and
Exchange Commission. DATASOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and
Investor Relations, Fidelity National Financial, +1-904-854-8120,
or ; or Dennis Holland, Vice President, Marketing, Fidelity
Integrated Financial Solutions, +1-972-535-7907, or Web site:
http://www.fnf.com/ http://www.fidelityinfoservices.com/
Copyright
Fidelity National Financ... (NYSE:FNF)
Historical Stock Chart
From Aug 2024 to Sep 2024
Fidelity National Financ... (NYSE:FNF)
Historical Stock Chart
From Sep 2023 to Sep 2024