Great member expectations for Fiserv’s double win
USA! USA! Fiserv has a healthy spring in its step with two new credit union deals in the US.
Portico powers on
Pennsylvania-based HealthCare First Credit Union and Portland Local 8 Federal Credit Union in Oregon will move from their current core processing providers to Fiserv’s Portico core account processing solution to prepare for “future institutional needs and member expectations”.
“We are confident that working with Fiserv will bring long-term stability to the back office and member value to the front office,” says Meghan Sinclair, CEO, HealthCare First Credit Union.
Jaimie Garver, CEO, Portland Local 8 Federal Credit Union, adds: “The move to an ASP environment with Fiserv, along with more powerful digital banking and card processing services, will be a tremendous benefit for our staff and members.”
They will both use ASP core processing – including online banking, bill payments, loan origination and accounting.
HealthCare First CU provides financial services to more than 10,000 healthcare workers in the Cambria, Somerset and Blair counties of Pennsylvania. The credit union is making its first core processing change in more than 30 years with Fiserv.
Portland Local 8 Federal CU has 2,000-plus members and a charter focused on longshoremen, rail workers and others.
According to Fiserv, the pair are among more than 30 US institutions that have selected or installed Portico in the past year.
Back in January, the lively vendor said it will acquire First Data in an all-stock transaction of $22 billion.
With the combined power, Fiserv becomes a veritable fintech titan and will be able to offer a range of payments and financial services. Such as account processing and digital banking solutions; card issuer processing and network services; e-commerce; integrated payments; and the Clover cloud-based point-of-sale solution.
