Overdraft program specialist John M. Floyd & Associates ofBaytown, Texas, has sued Fiserv Inc. of Brookfield, Wis., for $10million, claiming the technology company violated a promotional andnon-competition agreement between the two.
The suit was filed in U.S. District Court in Sherman, Texas. Italso names two former Fiserv credit union core processingsubsidiaries – IntegraSys and Summit Information Systems.
MEA Financial Enterprises of Monett, Mo., another overdraftservices provider, also was named in the suit but has since beenremoved from the case, according to a July 7 filing.
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