Iowa, Louisiana credit unions commit to core processing conversion.
Three of six are current Fiserv customers switching platforms.
While Fiserv Inc.’s purchase of Open Solutions Inc. marked the end of an era, it also sparked conversation about how the financial services technology giant will handle the addition of another handful of core account processing platforms to its portfolio.
Get an in-depth look at the Fiserv takeover of Open Solutions in this preview from next week's print edition.
Jeffrey Yabuki sees combining of flagship platforms and addition of new products as pluses.
Core processor sold to financial services giant for $55 million in cash and $960 million in acquired debt.
Fiserv Inc. said the $1.7 billion MIDFLORIDA Credit Union plans to convert to Fiserv Inc.’s flagship Acumen account processing platform.
Conversion adds consumer and commercial debit processing.
Fiserv Inc. said the $128 million Animas Credit Union in Farmington, N.M., will be converting to its XP2 account processing platform.
Fiserv Inc. said the $311 million Tech Credit Union in Crown Point, Ind., plans to convert to the company’s XP2 account processing platform.