FOR IMMEDIATE RELEASE
Fiserv EFT/CNS and ICBA Bancard Extend Joint Marketing Agreement for Seven Years
August 24, 2004
Brookfield, Wisconsin. - Fiserv, Inc. (Nasdaq: FISV) said its Fiserv EFT/CNS unit has signed a seven-year extension of a joint marketing agreement with ICBA Bancard, the electronic payment services subsidiary of the Independent Community Bankers of America (ICBA).
Under the agreement, ICBA Bancard will continue to offer Fiserv EFT/CNS ATM and debit card processing services to its membership, and Fiserv will continue to market ICBA's Visa and MasterCard debit program sponsorship to mutual customers. The agreement continues a business relationship between Fiserv EFT/CNS and ICBA Bancard that began in 1995.
"Our association with Fiserv EFT/CNS has been extremely beneficial to community banks," said David Hayes, Chairman of ICBA Bancard and President/CEO of Security Bank, Dyersburg, Tennessee. "Through Fiserv, we are able to introduce leading EFT capabilities directly to our participating banks. Fiserv EFT/CNS offerings provide our banks with a robust and cost-competitive product and service suite that places them on equal footing with larger competitors."
"We are excited to extend our relationship with ICBA Bancard and look forward to our continued mutual success in the future," said Grant Christenson, Chief Executive Officer of Fiserv EFT/CNS. "ICBA Bancard's sponsorship of Visa and MasterCard debit programs streamlines and eases client participation in these programs and is a valuable addition to our service portfolio."
About ICBA Bancard & TCM Bank, N.A.TM
ICBA Bancard is a wholly owned subsidiary of the Independent Community Bankers of America, "The Nation's Voice for Community Banks." Since 1985, ICBA Bancard has provided more than 2,000 community banks with equitable access to an array of payment system products and services.
About Fiserv, Inc.
Fiserv EFT/CNS serves 3,000 client endpoints across the United States, representing financial institutions of all sizes. EFT/CNS operates more than 16,500 ATMs, and owns the ACCEL/Exchange Network. EFT/CNS currently processes approximately 360 million ATM and debit transactions per month, making it one of the largest electronic funds transfer (EFT) processors in the nation.
Fiserv, Inc. (Nasdaq: FISV) provides information management systems and services to the financial industry, including transaction processing, business process outsourcing and software and systems solutions. The company serves more than 15,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners and investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $2.7 billion in processing and services revenues for 2003. Fiserv can be found on the Internet at www.fiserv.com.