SAC FCU Selects Fiserv - Analyst Blog
19 Juni 2012 - 1:30PM
Zacks
Recently announced, Fiserv,
Inc. (FISV) was selected, primarily for its Acumen
solution by SAC Federal Credit Union (FCU). This was done with the
clear intent of developing an improved technological platform for
the credit union’s information infrastructure.
Fiserv’s Acumen platform has been
designed for companies who would use it to escalate service
standards and cater to growth potentials in the market. This shall
now not only ensure optimum efficiency levels at the largest credit
union of Nebraska but also cater for increased flexibility for
integration of new products and provide improved services for its
existing customers.
Apart from the Acumen platform,
Fiserv shall provide a few other services which include Nautilus,
Prologue Financial Accounting Services, AML Manager, WireXchange
etc. These shall bolster document image capture, accounting,
anti-money laundering along with ATM processing services for the
credit union.
As SAC FCU makes amends towards
achieving long-term targets and market expansion strategies, these
technologically sound and advanced solutions shall only boost its
efforts to meet these goals faster. While the contract adds another
feather to the cap for Fiserv, we can be hopeful of the credit
union’s prospects of achieving a niche position in future with this
venture and its aggressive growth strategies.
Fiserv currently expects an annual
adjusted revenue growth rate of 4% - 6% for 2012. Along with this,
it projects adjusted earnings per share (EPS) to range from $5.04 -
$5.20 for the full year. With the current trend of advancements, it
appears lucid that the company will achieve its annual targets with
ease.
However, it is always wise to be
extra cautious of competitive strides in the industry. Formidable
players to take note of in this regard include Vantiv,
Inc. (VNTV), Heartland Payment Systems
Inc. (HPY) and Official Payment Holdings
Inc. (OPAY).
At present we have a ‘Neutral’
recommendation on Fiserv. The stock carries a Zacks #3 Rank, 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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