NEW ORLEANS – With the addition of EDS' credit union division added this year via acquisition, Fiserv now garners 15% of its revenue from its credit union operations according to Dean Schmelzer, Group President of Marketing and Sales for Fiserv, talking with Credit Union Times at BAI's Retail Delivery Conference. Fifteen-percent is a lot given that Fiserv's projected revenues this year are $2.7 billion. Schmelzer said the credit union market is a growing sector for Fiserv and it will continue to invest in its seven credit union data processing subsidiaries (USERS, IntegraSys, AFTECH, Summit, CUSA Technologies, XP Systems, Galaxy). Fiserv plans on bringing more of its commercial products, that is has sold for years in the banking market, to credit unions to meet their needs for serving businesses, said Schmelzer. – [email protected]
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