Big Wisconsin credit union stays in 20-year core processing relationship with Fiserv, adds solutions.
Somebody is winning. Somebody is losing. Just don’t expect an easy to decipher who will win the battle in this update on the credit union core systems war.
The announcement last month by Fiserv that it would acquire Open Solutions Inc. for roughly $1 billion, most of that in debt assumption, has sent some shivers through the credit union core processing world.
Opportunity to build enduring relationships by leveraging the mobile channel is within reach. But credit unions must act now, before their members direct their payments elsewhere.
The Credit Union Association of New York will be holding its first Economic Forum Nov. 1-2 in Albany, N.Y., at the Desmond Hotel & Conference Center. The event, which is open to attendees from multiple states, aims to provide credit union leaders with information on business strategy, economics and investing.
The brain of every credit union is its core computer system–the tabulation of every transaction and thus the essential record. But voices increasingly are heard that it is time for a substantial reevaluation of those core systems.
The theme of Forum ‘12 is Digital Survival Guide, with a focus on online security, social media, risk/performance and digital transformation.
Louis Hernandez watches people using a dongle switch on their iPad to pay their restaurant tab online through Square and knows the future is now.
Technology is moving credit unions forward and young professionals are needed to lead the way. Find out more at the next Not for CEOs event.
Fiserv Inc. said the $4.9 billion Suncoast Schools Federal Credit Union in Tampa, Fla., plans to convert to its Acumen account processing solution.