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Fiserv Interactive Technologies Licenses the Advantage Fee System to CIBC Mellon; Asset Servicing and Trust Service Provider Increases Flexibility and Automation of Client Billing

SUMMIT, N.J.--(BUSINESS WIRE)--April 27, 2006--Interactive Technologies, a unit of Fiserv, Inc. (Nasdaq:FISV), has announced that CIBC Mellon, a leading provider of asset and trust services, agreed to license its Advantage Fee System to optimize its client fee billing and revenue management.

"We were looking for a solution that would simplify our client fee billing process with the scale and flexibility to process increasingly complex transactions over time," said Thomas C. MacMillan, president and CEO of CIBC Mellon. "We chose the Advantage Fee System because of Interactive Technologies' extensive experience and reputation in the industry and the product's ability to help us meet our client fee billing requirements."

The Advantage Fee System will automate, consolidate and simplify the fee billing and revenue management activities for CIBC Mellon's asset servicing and trust clients. Activities initially being targeted for installation of the new management software platform include data aggregation, calculation of complex fees, invoicing and reporting.

Thomas Dackow, president of Interactive Technologies, said the Advantage Fee System continues as the solution of choice for financial firms seeking the inherent benefits associated with improved control and transparency of fee billing and revenue management activities.

"CIBC Mellon is an important addition to our global community of leading financial organizations," said Dackow. "Their decision illustrates the industry's keen interest in securing benefits gained with the Advantage Fee System for operational efficiencies, revenue recognition and fee transparency. These benefits ultimately translate into organizational cost reductions, revenue increases and elimination of audit concerns."