Fiserv Launches Check Solution - Analyst Blog
13 Juni 2012 - 1:00PM
Zacks
Recently announced, Fiserv,
Inc. (FISV) launched its Central Source Capture solution.
Using this platform, banks and other financial institutions will be
able to take check images along with easing out and modernizing
their general check processing system.
This advanced Central Source
Capture developed by Fiserv not only caters to ameliorating the
basic check processing functions such as clearing, electronic cash
lettering, capture etc. but also integrates pervasively with core
account processing, capture applications and end-to-end image
transfer solutions. Such features make the entire system easier to
operate and also reduce additional expenses for the company.
Fiserv, cognizant of the
diminishing use of checks in the world today, however, ascribes
complex and expensive check handling systems to its waning
popularity. Management believes that using their advanced solution,
not only will costs of check processing be mitigated but it would
also make the system less arcane and hence, restore the use of
checks incipiently.
Financial institutions need to
cater to many important aspects to bolster consumer satisfaction
and to maintain industry standards in today’s world. Hence,
Fiserv’s advanced check processing solution is ideally suited to
free such banks of basic hassles such as check clearing, processing
etc. while they focus more on ameliorating other core issues of
their day to day operations. This solution is likely to be quite
momentous and help Fiserv retain its formidable position for
providing check processing solutions in the U.S.
However, the company should remain
wary of its ominous rivals in the industry. These include big
players such as Heartland Payment Systems (HPY),
Official Payments Holdings Inc. (OPAY) and
Vantiv Inc. (VNTV).
We currently have a long-term
recommendation of ‘Neutral’ for Fiserv’s stock. In the short run,
we have a Zacks #3 Rank for the stock, which translates into a
short-term rating of ‘Hold’.
FISERV INC (FISV): Free Stock Analysis Report
HEARTLAND PAYMT (HPY): Free Stock Analysis Report
OFFICIAL PAYMNT (OPAY): Free Stock Analysis Report
VANTIV INC-A (VNTV): Free Stock Analysis Report
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