Fiserv, Inc., the provider of financial services technology solutions, today announced that First National Bank of South Carolina, a community bank with more than 100 years of experience in the Charleston area, has selected the Precision bank platform from Fiserv to provide an enterprise-wide technology solution. The USD 162-million bank headquartered in Holly Hill, S.C., chose Fiserv for its account processing and value-added solutions that will grow with the expanding financial institution.
After 24 years of processing in-house on a previous platform, First National Bank of South Carolina chose outsourced processing on the Precision platform. “The regulatory scrutiny and risk associated with in-house processing became overwhelming for us,” says Ron Anderson, the bank’s president and chief executive officer. “Fiserv offered the best solution to meet our needs now and into the future.”
In addition to increased efficiencies in account processing, First National Bank of South Carolina expects its fourth-quarter 2009 conversion to result in tighter enterprise-wide integration of its applications.
“We appreciate the integration Fiserv provides, which will enable our organization to utilize a single partner as we bring a variety of services to our customers,” says Anderson. In addition to Precision, First National Bank of South Carolina chose Director, Business Process Manager and Internet Banking for Precision, in addition to CheckFree(R) RXP(SM) for bill payment.
In addition to the solid reputation of Fiserv and the solution’s scalability, Anderson cited ease of use as a key factor in the bank’s decision to deploy Precision from Fiserv. Fiserv solutions will streamline processes for customers, including account opening.
Additionally, because of the integration of Fiserv solutions, navigation from one system to another will be seamless, saving time for both bank staff and customers.
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