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Fiserv Expands Transactional Print and Mail Facility in Los Angeles

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By Business Wirevia The Motley Fool

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Fiserv Expands Transactional Print and Mail Facility in Los Angeles

BROOKFIELD, Wis.–(BUSINESS WIRE)– Fiserv, Inc. (NAS: FISV) , a leading global provider of financial services technology solutions, announced today that it has expanded and added capabilities to its transactional print and mail facility in the Los Angeles area.

The expanded West Coast facility provides transaction print and delivery capabilities to the financial services, billing, insurance and healthcare industries, including financial documents, account statements, electronic statements, checks, bills and notices, tax forms, and explanation of benefit documents.

“With this expanded facility, we have increased our national footprint and can better meet the needs of our clients,” said Jorge Diaz, president, Output Solutions, Fiserv.

Clients will have full access to leading edge capabilities including high-volume continuous and cut-sheet printing, mail and electronic document delivery, and online program management, messaging and reporting through WC3®, the web client control center from Fiserv.

Fiserv provides complete turnkey business communication services, including card manufacturing and personalization, transactional document composition and production, electronic document delivery services and direct marketing strategy and execution.

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About Fiserv

Fiserv, Inc. (NAS: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.

Media Relations:
Julie Nixon
Senior Public Relations Manager
Fiserv, Inc.
678-375-3744
julie.nixon@fiserv.com
or
Additional Contact:
Wade ColemanDirector, Public Relations
Fiserv, Inc.
678-375-1210
wade.coleman@fiserv.com

KEYWORDS:   United States  North America  California  Wisconsin

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Four Million Accounts Now Managed and Traded on Industry-Leading Unified Wealth Platform from Fiserv

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By Business Wirevia The Motley Fool

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Four Million Accounts Now Managed and Traded on Industry-Leading Unified Wealth Platform from Fiserv

BROOKFIELD, Wis.–(BUSINESS WIRE)– Fiserv, Inc. (NAS: FISV) , a leading global provider of financial services technology solutions, today announced the number of portfolios managed and traded on the company’s wealth management platform has topped 4 million. This significant milestone reflects the continued demand for financial advice and managed account expertise, and the competitive advantages and continued growth of the Unified Wealth Platform, the industry’s leading front-, middle- and back-office wealth management technology platform.

To reach this milestone, Fiserv helped existing clients launch new programs and added net new clients across its various managed account programs, including Unified Managed Accounts (UMA), Mutual Fund Advisory and Separately Managed Accounts (SMA). The number of portfolios on the platform increased from 3 million accounts in 2009 to 4 million today, a 33 percent increase over four years. Growth was strongest in the broker-dealer and bank segments. The broker-dealer segment increased from 1.2 million in 2009 to 2.05 million accounts today, and the bank segment increased from 1.3 million in 2009 to 1.4 million accounts today. The manager segment, which includes registered independent advisors (RIA), now has 550,000 accounts, up from 547,000 accountsin 2009.

“Reaching the ‘four million managed accounts’ milestone is evidence of the value of advisors in this marketplace, and our commitment to meeting, anticipating and exceeding client needs as we remain the preferred technology partner with the wealth management industry,” said Cheryl Nash, president, Investment Services, Fiserv. “By hiring the best people, deploying cutting-edge technology and making strategic acquisitions, we have been able to grow the number of accounts on our Unified Wealth Platform 33 percent in just over four years. This is particularly impressive given market volatility, changes in the financial advice industry and challenges for our economy and individual investors since the financial crisis.”

The Unified Wealth Platform from Fiserv enables financial advisors to construct and deliver client-centric portfolio solutions for all client types from one integrated, end-to-end platform. It has three main components – Financial Advice Management (front), Portfolio Management & Trading (middle) and Performance & Reporting (back). It can be leveraged in total by large enterprises — with multiple business lines, functions and users — or configured and deployed as individual technology components for focused business needs.

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Fiserv Reports Record-Setting Transaction Volume on its Automotive Loan Origination System in 2012

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Fiserv Reports Record-Setting Transaction Volume on its Automotive Loan Origination System in 2012

  • More than 10.8 million loan applications processed and 3.7 million contracts funded on auto industry’s leading end-to-end lending and leasing solution
  • Robust, flexible solution offering accuracy, speed and consistency helps dealers and OEMs gain competitive edge

BROOKFIELD, Wis.–(BUSINESS WIRE)– Fiserv, Inc. (NAS: FISV) , a leading global provider of financial services technology solutions, announced today that 2012 was a record-setting year for its Automotive Loan Origination System (LOS), with more than 10.8 million loan applications and 3.7 million contracts processed through the company’s auto lending platform. This marks a 31 and 33 percent year-over-year increase for applications and contracts, respectively.

The growth reflects the return to health of the automotive industry that was driven, in part, by renewed consumer demand following the past year’s uptick in the economy. The industry has witnessed the emergence of both established and new lenders vying to meet the needs of growing segments.

“We are seeing continued growth in the sector due to favorable interest rates and pent-up consumer demand, which contributed significantly to the record-setting volumes being supported by our Automotive Loan Origination System,” said Kevin Collins, president, Lending Solutions, Fiserv.

Fiserv technology gives lenders access to robust workflow tools that help them view their borrowers and their auto lending portfolios more holistically. This enables them to make smarter decisions and fund the most appropriate type of loans.

“Three key elements are currently driving best-practice use of auto finance technology: third-party collaboration and integration of applications that offer seamless services; eContracting and other digital initiatives that eliminate paper and reduce costs; and business process outsourcing, which delivers high-quality services as an extension of a lender’s business,” Collins added.

Automotive Loan Origination System from Fiserv is a comprehensive end-to-end solution for automotive originations, from electronic application capture through efficient credit processing, funding verification, validation and booking of new loans and leases. The system assures a fast and efficient origination process, enforces compliance, mitigates risk and promotes profitable growth by lowering processing costs.

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Equinix Opens Second Seattle Data Center

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By Business Wirevia The Motley Fool

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Equinix Opens Second Seattle Data Center

SE3 offers a gateway to Asia Pacific and supports growing demand for data center and interconnection services in Seattle metro area

REDWOOD CITY, Calif.–(BUSINESS WIRE)– Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced the opening of its second International Business Exchange™ (IBX®) data center in downtown Seattle. The new SE3 data center is adjacent to Equinix’s SE2 data center, which is located in the Westin Building carrier hotel, offering a natural expansion space for customers with existing deployments in this location.

Demand for data center and interconnection services is growing in the Seattle metro area from network and cloud service providers, and content and digital media companies. The SE3IBX offers these companies the opportunity to extend their footprints in the Northwestern United States and Western Canada while leveraging Platform Equinix™ to help fuel their business.

“Equinix provides some of the best facilities and operational support out there, which is critical in meeting our customers’ expectations,” said Jesse Proudman, CEO of leading cloud and hosting services company Blue Box. “With our newly deployed infrastructure in SE3, we have no doubt that the network proximity and growth opportunities that Equinix’s ecosystem offers will further solidify our competitive edge.”

The new IBX will add approximately 51,000 square feet of data center space and capacity for more than 1,000 cabinet equivalents to Equinix’s presence in the Seattle market. Among the most connected data centers in the Seattle area, SE3 offers direct connectivity to the Seattle Internet Exchange (SIX). SE3 is a purpose-built site that offers 24-hour operations and security as well as physical features such as a dedicated loading dock, freight elevator, and state-of-the-art amenities. SE3 customers will also have access to the Equinix Marketplace to identify potential customers and partners from among the 4,000 ecosystem participants offering a range of services inside Equinix data centers.

“The Seattle market is an important communications hub for the Pacific Northwest and a distribution point for IP traffic to Asia Pacific. With SE3, we can offer the many cloud, network and digital content companies in Seattle the ability to directly connect with their customers and partners in order to improve application performance and generate new revenue opportunities,” said Charles Meyers, president of the Americas for Equinix.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

ModusLink Improves Operations in The Netherlands

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By Business Wirevia The Motley Fool

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ModusLink Improves Operations in The Netherlands

—Move from Apeldoorn to Venray in The Netherlands will yield improved warehousing, provide additional transportation options for clients—

WALTHAM, Mass.–(BUSINESS WIRE)– ModusLink Global Solutions™ Inc. (NAS: MLNK) has announced a planned move of its operations in The Netherlands from the current site in Apeldoorn to a new location in Venray. Initial work to transition client services is underway and the new facility is expected to be fully operational by July 2013.

ModusLink executives lead tour of new facility in Venray (Photo: Business Wire)

“The Netherlands is a highly strategic logistics hub in Europe and our company and our clients have enjoyed many benefits over the last 25 years from our location in Apeldoorn,” said Scott Crawley, president, global operations, sales and marketing, ModusLink. “Today, we are managing numerous supply chain programs for global consumer electronics companies whose growth necessitates a facility that is better designed in terms of warehouse space and layout, shipping bays and with access to more transportation options. We have found an ideal location in Venray and this move will improve our clients’ operations while also benefitting ModusLink economically and competitively.”

ModusLink’s new Solution Center is located in an area of Venray that is home to many logistics and transportation facilities. The geographic location of Venray within the country offers easy access to major European highways, river-based shipping and an extensive rail system. There are approximately 50 weekly inter-modal transportation service options for moving materials and finished goods in and out of the logistics area by train and barge.

The new facility features 28 loading bays, 15,000 sq. meters of warehouse space in a layout designed for storage and fulfillment, as well as designated areas ideal for product assembly, configuration and packaging. A number of the current ModusLink employees will be moving to the new location and the Venray area boasts a skilled workforce experienced in logistics and supply chain work.

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