News Topic: Fiserv
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Deutsche Bank reenters Germany's payments market after long hiatus
Community banks rush to meet customer demand for bitcoin
Fiserv to buy Ondot as card payments get more digital
It isn't lost on Fiserv that consumers increasingly are moving to digital financial services. Its deal to acquire Ondot Systems, a digital card solutions platform, aims to capitalize on the shift. ... Read full article
Even in pandemic, small banks forge ahead with core conversions
Many community banks, like Peoples Community in Wisconsin, say they proceeded despite the technological challenges presented by social distancing because the crisis has exposed the shortcomings of their digital systems. ... Read full article
Fiserv sees existing credit lines as cure for PPP limitations
The race to provide coronavirus relief for small businesses is opening new routes to fund payments, including underused credit lines. ... Read full article
Banks reengineer instant debit card issuance amid pandemic
Customers normally receive debit and credit cards inside a branch. Now banks are shifting the process to their drive-throughs and finding alternative ways for cardholders to key in their PINs. ... Read full article
Servicers get flak, Bisignano’s Fiserv play, lenders on PPP hook: Top stories of the week
Complaints to the CFPB hit an all-time high, with mortgage servicers getting much of the fire; Frank Bisignano details his priorities as Fiserv’s new CEO; lenders worry they could be stuck with billions in Paycheck Protection Program loans; and more from ... Read full article
Bisignano’s priorities as Fiserv CEO: Bond with banks, invest in tech
Incoming chief Frank Bisignano downplays any pressure to find $1.2 billion in cost cuts promised to shareholders from the acquisition of First Data. Instead he emphasized his track record of producing revenue growth and pledged to keep funding innovation ... Read full article
Fiserv promotes First Data, JPMorgan vet Frank Bisignano to CEO
Frank Bisgnano, who engineered a technology-driven recovery at First Data before it was acquired by Fiserv last year, will shortly take Fiserv's top job as the company forges its coronavirus strategy. ... Read full article
Why more banks are ditching their legacy core vendors
Newcomers Nymbus, Neocova, Finxact and Technisys and older competitors like Temenos, Infosys and Oracle are winning over community and regional banks by offering what some bankers describe as more flexible technology at fairer prices. ... Read full article
Fiserv updates online bill pay for banks, plans real-time payments
Leveraging new technology and APIs, Fiserv has rolled out CheckFree Next, a major update of the core CheckFree bill payment technology Fiserv acquired in 2007. ... Read full article
The JPM-OnDeck split, Truist's tech plans, Capital One's breach: Top stories of the week
JPMorgan Chase ends business loan partnership with OnDeck; Truist out to prove it can best the megabanks in tech; Capital One's data breach was bad, but it could've been worse; and more from this week's most-read stories. ... Read full article
Fiserv-First Data deal set to close
Fiserv expects its $22 billion purchase of First Data Corp. to close on Monday after clearing regulatory requirements. ... Read full article
The year of the fintech merger
A trio of big deals in the payments and financial service provider area and continued bank and venture capital interest in fintech investments are creating expectations for a banner year. ... Read full article
Finastra sees small banks as a way to catch up in U.S. core tech
The London firm lags the three largest U.S. vendors but bets its new open banking platform can win it more business. ... Read full article
Fiserv hit with lawsuit from small Pennsylvania credit union
The tech company denied allegations from Bessemer System Federal Credit Union regarding security issues and other problems with Fiserv's services. ... Read full article
Fintechs try wooing banks back to construction lending
Software startups say bringing borrowers, builders and lenders onto one digital platform can remove some of the risks lenders faced during the crisis. ... Read full article
Mergers like Fiserv-First Data are a red flag for banks
As major vendors consolidate, financial institutions should be looking to adopt emerging technologies, rather than relying solely on legacy firms to provide services. ... Read full article
'The distorted lens of one's ideology': Comments of the week
Readers weigh in on the Consumer Financial Protection Bureau's payday rule, consider the gender wage gap in banking, debate restrictions to membership at the Federal Home Loan banks and more. ... Read full article
