Fiserv Acquires Two Chase Credit Companies
BROOKFIELD, Wis. - Fiserv has acquired Chase Credit Research and Chase Credit Systems, a pair of credit reporting services and systems companies Fiserv said the Chase companies should add about $25 million in annual processing and services revenues. Terms of the transaction were not disclosed. "Chase Credit brings us another important solution for the lending industry," said Leslie M. Muma, Fiserv President and Chief Executive Officer. Chase Credit Research and Chase Credit Systems employ 115 people and has headquarters in North Hollywood, California. Together, the companies provide information from the three major credit repositories in a consolidated report to lenders, and lease software that allows lenders and credit-reporting companies to perform their own analysis.